Singapore economic growth down to 5.2% next year

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Singapore economic growth down to 5.2% next year

Postby angelotan » Thu Dec 23, 2010 5:15 pm

While an economic growth of 14.8 percent is expected to be seen in Singapore this year, financial services provider HSBC said the slowdown in growth next year at 5.2 percent is mostly due to the small contributions coming from net exports and a lowering in inventories, as the world restocking cycle will likely end.

But these factors are expected to be reversed in 2012 with the global growth recovery. This will also raise private domestic demand, as well as increase GDP growth to around 5.8 percent in 2012.

Source: Propertyguru - 23 Dec 2010

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Postby tankee » Thu Dec 23, 2010 8:10 pm

And that 2010's figure is against a low base of 2009's while 2011 will be against a stronger 2010.

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