Singapore Stock Market News
Singapore Escapes Recession Again!
StockFanatic
Publish date: Thu, 03 Jan 2013, 01:10 PM
StockFanatic
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****Recession averted through technicality, again****
With revised data showing weaker growth in prior quarters, the
economy expanded a better-than-expected 1.8% qoq SAAR in 4Q12.
This means Singapore has averted a technical recession yet again. Yoy,
4Q12 GDP expanded 1.1% while 3Q12 GDP was cut to zero growth
(+0.3% previously).
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