Tue, 03 Jan 2012 07:40:14 GMT
Singapore economy shrinks in the fourth quarter
Singapore's economy declined
in the 4th quarter, stressing Asian exposure to the debt turmoil in Europe
despite manufacturing strengthening in India and China. Country's GDP fell 4.9%
on a yearly basis in the 4th quarter of 2011, compared to previous quarter when
it added 1.5%, reported nation's trade ministry. Overall economy expanded 4.8%
in 2011 and according to forecasts may grow between 1% and 3%