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% this year.