皇冠体育app

/ Mosaic

Weak manufacturing hurts Singapore recovery

皇冠体育app Daily | Updated: 2010-01-05 08:06

SINGAPORE: Singapore's economy shrank for the first time in three quarters as weaker manufacturing output interrupted the island's recovery from its deepest recession since independence in 1965.

GDP contracted an annualized 6.8 percent from the previous three months last quarter after climbing a revised 14.9 percent from July to September, the trade ministry said in a statement yesterday.

That was worse than the median estimate for a 2.1 percent decline in a Bloomberg News survey of eight economists. The economy shrank 2.1 percent in 2009.

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to 皇冠体育app Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online

Registration Number: 130349
FOLLOW US