Singapore’s economy shrank by 19.7% in the first quarter of 2009 compared with the previous three months, its biggest quarterly contraction on record.
It doesnt look good for the Economy in Singapore!Find out why!
Singapore Economy In Record Fall
Todays, 16th April 2009 Singapore Expat News come from “BBC News“.
Official estimates also showed the economy had shrunk by 11.5% compared with the same period a year ago.
The government now expects the country’s GDP to contract by between 6% and 9% this year, much more than the previous estimate of between 2% and 5%.
Singapore has been hit by a fall in exports during the economic downturn.
Read the full story after the link!
• Article: Singapore Economy In Record Fall (Read It Here)
• Archive: Singapore Expat News (Read All Our News Articles Here)
Please write down your thoughts in the comments below!
by an Asia experienced 26 year young expat living and surviving in Singapore since years!
Discovering new interesting and strange things everyday, he provides guides, news and tips for how to survive Singapore and how to best prepare for it.
Follow him now on TWITTER and get the full AngryAngMo dose!
Or Subscribe to his RSS FEED and get all the daily updates automatically!
Follow Me On Twitter
RSS Feed
Stumble it!
1 Comment for this post
Apr 17, 2009 at 8:01 am
I first read this as “Singapore Economy In Record Fail”
Leave a Comment