Singapore's economic growth weakened sharply towards the end of the year as the manufacturing sector slid into contraction mainly due to falls in electronics and biomedical production.
Gross domestic product grew only 2.2 percent on a yearly basis in the fourth quarter, moderating from the 4.2 percent expansion in the preceding period, figures from the Ministry of Trade and Industry showed on Tuesday.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.