02 Jan '13, 1am

Singapore – Q4 Economy gained 1.8% Q/Q, allay recession fears: Q4 economy grew 1.8% versus Q3 figures, amidst an...

Q4 economy grew 1.8% versus Q3 figures, amidst analysts calls for yet another contraction which will push Singapore into a “technical recession”. Overall, 2012 gained an estimated of 1.2% against 2011. Despite this turnaround, Singapore may not be fully out of the slump. Manufacturing sector contracted by 10.8% annualized, extending the losing streak to 3 consecutive quarters. Construction sector remained strong, growing at 5.9%, but that is to be expected as the Singapore Government continue to invest heavily into infrastructure building. With global economy potentially picking up at the start of 2013 due to “Cliff” deal cheers, manufacturing sector will readily pick up especially since Singapore’s manufacturing focus mainly on mid-higher tier technological goods with high beta coefficients. Today’s announcement did not move SGD significantly, with USD/SGD looking unlikel...

Full article: http://forexblog.oanda.com/20130101/singapore-q4-economy-...

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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...

Singapore growth beats estimates, it avoids rec...

punchng.com 02 Jan '13, 11pm

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straitstimes.com 02 Jan '13, 12am

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