Singapore economy rebounds despite global economic concerns

Note: This section contains information in English only.
Source: Forexfactory
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 0.4% and USD/SGD traded 1.2491 while its benchmark Straits Times Index advanced by 0.7%.


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