Latest Singapore economic news, Singapore GDP Revised To -5.9% In Q3, Singapore's gross domestic product contracted a seasonally adjusted 5.9 percent in the third quarter of 2012 compared to the previous three months, the Ministry of Trade and Industry said in Friday's final revision,
Weak Global Economy May Cripple Singapore Trade Growth: IE Singapore, Slow growth in advanced economies, particularly the U.S. and the Eurozone, is likely to act as a drag on Singapore's trade growth in 2013, International Enterprise (IE) Singapore said Friday. Total trade is projected to grow moderately between 3 percent and 5 percent in 2013
From Tokyo economic news, , Japan Downgrades Economic View For Fourth Straight Month, The Japanese government on Friday cut its assessment of the economy for a fourth month in a row, in the longest bout of downgrades since the global financial crisis after official data showed the gross domestic product contracted in the third quarter
Another negative sentiments, Hong Kong Expands Less Than Expected In Q3, Govt Cuts Outlook, Hong Kong's economy expanded at a slower rate than widely expected in the third quarter as external demand remained weak amid the debt crisis in Europe and muted growth in the U.S. The government lowered its growth forecast for the full year, latest data showed Friday
What a surprise, Eurozone Trade Surplus Rises Despite Fall In Exports, Eurozone trade surplus increased in September as the decline in imports exceeded the fall in exports, indicating that weak domestic demand was one of the factors behind the recent recession. The trade surplus increased to EUR 9.8 billion in September from EUR 5.2 billion in August, data from Eurostat revealed Friday
Source: rttnews
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