OPINION: Singapore Contraction Tests Asia Resilience - Shamim Adam:

Singapore’s economy shrank for the second time in three quarters, highlighting Asia’s vulnerability to the European debt crisis even as manufacturing strengthens in India and China. The contraction brings into question Asia’s resilience to a faltering global economy even as regional stocks and currencies climbed after reports showed rising purchasing managers’ indexes in China and India.

Full article: http://singaporenewsalternative.blogspot.com/2012/01/opin...

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