Singapore economy shrinks as manufacturing and service sectors contract

Note: This section contains information in English only.
Source: Bloomberg
Economy of Singapore posted a decline in the last quarter of the previous year, while the activity decreased in both manufacturing and service sectors of country's economy. GDP lost 2.7% on the annual basis in October-December quarter versus a growth of 2.2% a quarter ago. At the same time, analysts say that the decline can be short-term, as the global economy continues to recover.

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