The Macau Metro Monitor, February 16, 2012
SINGAPORE 4Q GDP CONTRACTION REVISED DOWN BUT GLOBAL RISKS REMAIN Channel News Asia
The Ministry of Trade and Industry said S'pore GDP in Q4 2011 contracted 2.5% QoQ in seasonally adjusted, annualized terms, smaller than the 4.9% contraction estimated last month. The government maintained its previous forecast that the economy will grow 1%-3% in 2012, and highlighted uncertainty surrounding the global economy, namely political and economic problems in the euro zone and geopolitical risks arising from the Middle East.
