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.
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