30 Dec '12, 4pm

Singapore Price Risks Persist as Economy Seen Entering Recession - Bloomberg

Singapore Price Risks Persist as Economy Seen Entering Recession - Bloomberg

Singapore ’s economic expansion eased in 2012 amid weak growth in advanced nations and as companies faced hiring constraints, Prime Minister Lee Hsien Loong said. Gross domestic product rose 1.2 percent in 2012, Lee said in his New Year message released in Singapore today. The growth rate Lee estimates implies a fourth-quarter GDP contraction that pushed Singapore into a technical recession, said Michael Wan, an economist at Credit Suisse Group AG. “It’s a disappointing number,” Wan said. “We’ve seen huge weakness in the manufacturing sector for two keys reasons. One is the high exchange rate, partly because of our policy to use the exchange rate to curb inflation, and the second reason is our domestic policies when it comes to foreign workers.” A government push to limit the intake of foreign labor has led to a growing shortage of workers and higher business costs, contri...

Full article: http://www.bloomberg.com/news/2012-12-30/singapore-price-...

Tweets

S'pore economy grows 1.2% in 2012

lushhomemedia.com 31 Dec '12, 9am

Singapore’s economy grew 1.2 percent this year, hurt by weak US, European and Japanese economies, said Prime Minister Lee ...

UPDATE 1-Singapore economy grew by 1.2 pct in 2...

news.yahoo.com 31 Dec '12, 10am

(Adds details, economists ' comment) SINGAPORE, Dec 31 (Reuters) - Singapore 's economy grew by 1.2 percent in 2012, Prime...

Is Singapore's Economy Nearing a Recession?

cnbc.com 01 Jan '13, 11pm

Singapore's economy grew by 1.2 percent in 2012, Prime Minister Lee Hsien Loong said on Monday, indicating the city-state ...

Analysts: Singapore likely in recession after G...

malaysiakini.com 31 Dec '12, 9am

Singapore likely slipped into recession in the three months to December, analysts told AFP today, as data showed growth in...

Singapore likely in recession after GDP data: a...

channelnewsasia.com 31 Dec '12, 9am

SINGAPORE - Singapore likely slipped into recession in the three months to December, analysts told AFP on Monday, as data ...

(SgNA) Singapore economy grew only by 1.2 per c...

The Economic Times, 31 Dec 2012 SINGAPORE: Singapore's economy grew by 1.2 per cent in 2012, hurt by weakness in the West ...

Singapore Property Stocks to Extend 2012 Rally: Southeast Asia

Singapore Property Stocks to Extend 2012 Rally:...

bloomberg.com 31 Dec '12, 12am

Singapore property stocks, the best performers on the benchmark Straits Times Index this year, are set to extend their gai...

Singapore's Economy Dodges Recession

cnbc.com 02 Jan '13, 3am

Singapore's economy grew more vigorously than foreseen in the last three months of 2012, avoiding an expected recession, a...

Singapore Growth Eases In 2012 Amid Weak Extern...

rttnews.com 31 Dec '12, 12pm

The Singapore economy expanded at a slower rate this year as economic slowdown in advanced countries and labor shortage in...

Singapore growth beats estimates, it avoids rec...

punchng.com 02 Jan '13, 11pm

SINGAPORE: Singapore’s economy has averted a technical recession, as it reported better-than-expected growth data for the ...

Yeah !! sgp in recession liow !! - Page 2

forums.condosingapore.com 31 Dec '12, 11am

Just "technical" recession. Limited impact for now. prices here went higher even at peak of "Euro crisis" Shopping centers...

SIngapore's economic growth for 2012 is 1.2%, lower than forecasts of around 1.5%

SIngapore's economic growth for 2012 is 1.2%, l...

straitstimes.com 31 Dec '12, 8am

Singapore's economy grew at a lacklustre 1.2 per cent in 2012, slightly lower than official forecasts of around 1.5 per ce...

Singapore growth beats estimates: Singapore's e...

bbc.co.uk 02 Jan '13, 3am

2 January 2013 Last updated at 03:25 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Si...

Singapore growth beats estimates

bbc.co.uk 02 Jan '13, 3am

2 January 2013 Last updated at 03:25 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Si...