Singapore growth beats estimates

News - Singapore growth beats estimates as it avoids recession

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

Singapore growth beats estimates

2 January 2013 Last updated at 03:25 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Singapore growth beats estimates as it avoids recession Singapore's manufacturing sector has been hurt by slowing global demand Continue reading the main story Related Stories Singapore's start-ups seek success Singapore firms rethink strategy Watch Singapore: Economic slowdown opens foreign labour debate Singapore's economy has averted a technical recession, as it reported better-than-expected growth data for the fourth quarter. The economy expanded 1.1% in the October to December period, from a year earlier, advance estimates showed. On a quarter-on-quarter basis, the economy grew 1.8%. That is up from a 6.3% contraction in the third quarter. Growth was boosted by a rebound in the services industries, which include retail, finance and insurance sectors....

Full article: http://www.bbc.co.uk/news/business-20886117#sa-ns_mchanne...

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