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S'pore out of recession?
Mon, Jul 13, 2009
The Straits Times

SINGAPORE'S economy probably expanded for the first time in five quarters as a rebound in manufacturing helped the city state emerge from its worst recession since independence in 1965.

Gross domestic product rose an annualised 13.4 per cent last quarter from the previous three months, after shrinking 14.6 per cent between January and March, according to the median estimate of 12 economists surveyed by Bloomberg News.

The Ministry of Trade and Industry will release the data at 8am on Tuesday.

 

 


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