Thai PM: Southeast Asia faces severe economic test

Filed Under (World Economy) by Fred Chan on 01-03-2009

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Southeast Asia will be “severely tested” as the global financial crisis deepens, Thailand’s leader warned Saturday, as the export-dependent region braced for the possibility the world could be blighted by several years of anemic growth.

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Singapore economy shrinks 4.2% in 4th quarter

Filed Under (World Economy) by Fred Chan on 26-02-2009

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Singapore said its economy shrank more than previously estimated in the fourth quarter, as a global collapse in trade hit the country’s exports.

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