Singapore Close to a Recession as Q4 Estimates Weak:

Forexblog.oanda.com, 28 Dec 2012 Singapore likely joined Japan in recession in the fourth quarter of 2012, dragged down by weakness in its top exports of electronics, according to a Reuters poll of economists. Gross domestic product (GDP) probably shrank by an annualized and seasonally adjusted 1.4 percent in October-December from the preceding three months, the median estimate of six economists showed. The economy contracted 5.9 percent in the third quarter from April-June at a seasonally adjusted and annualized rate and so another quarter-on-quarter decline would meet the definition of a recession.

Full article: http://singaporenewsalternative.blogspot.com/2012/12/sing...

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