Singapore economy shrinks 4.2% in 4th quarter
Thursday, February 26th, 2009
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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Singapore said its economy shrank more than previously estimated in the fourth quarter, as a global collapse in trade hit the country’s exports.
The Malaysian economy for the fourth quarter last year is expected to at best post a small growth but economists will be watching for tell-tale signs on how fast conditions have deteriorated.