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Thursday, November 19, 2009

Singapore MTI declared recession is over

Singapore Ministry of Trade and Industry on Thursday declared that recession is finally over after data showed its economy grew for the second straight quarter in the three months from July to September. Preliminary estimates show that the Singapore economy grew by 0.6 per cent on a year-on-year basis in the third quarter of 2009.

MTI Forecasts Growth of 3.0 to 5.0 per cent in 2010 [via]

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