Fri, 13 Apr 2012 07:16:10 GMT
Singapore economy rebounds despite global economic concerns
Singapore's economy recovered in Q1 of 2012, forcing the country's central bank to tighten monetary measures to curb inflation. The GDP growth of the country accelerated by 9.9% in Q1 on a yearly basis, reported the Trade Ministry. Experts expected a moderate increase of 6.8% in Q1. After the data release, the Singapore's Dollar appreciated against its US counterpart by