Thu, 02 Jan 2014 14:23:05 GMT
Singapore economy shrinks as manufacturing and service sectors contract
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