Asian Economic News

Singapore GDP -1.4% On Quarter In Q1

Singapore's gross domestic product was down a seasonally adjusted annualized 1.4 percent in the first quarter of 2013 compared to the previous three months, the Ministry of Trade and Industry said in Friday's advance estimate.

That's down sharply from the 3.3 percent increase in the fourth quarter.

On a yearly basis, GDP was down 0.6 percent after rising 1.5 percent in the three months prior.

by RTTNews Staff Writer

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