Singapore GDP declines

Comment on this story
Singapore . File photo: http://www.sxc.hu/

Singapore's trade driven economy, regarded as a bellwether for Asia, contracted by 1.1 percent in the second quarter from the previous three-month period, a preliminary government estimate showed Friday.

The unexpected contraction, down from 9.4 percent growth in the preceding quarter, was largely due to a contraction in the biomedical manufacturing industry, the trade ministry said in a statement. - Sapa-AFP


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.