Singapore declares recession over
Official data released Thursday showed gross domestic product (GDP) expanded 14.2 percent in the July-September period on a quarter-on-quarter annualised basis following a 21.7 percent surge in the previous quarter.
"Effectively, the recession in Singapore is over," Ravi Menon, the permanent secretary with the Ministry of Trade and Industry (MTI), said at a media briefing.
Year-on-year, Singapore's GDP grew 0.6 percent in the third quarter compared with a 3.3 percent contraction in the April-June period, the MTI said in its third quarter economic survey.
In its outlook for 2010, the ministry forecasted economic growth of 3.0-5.0 percent while maintaining its existing projection of a contraction of 2.0-2.5 percent this year.
Singapore's trade-reliant economy was the first in Asia to sink into a recession last year as the global downturn hit demand for its exports, especially from the United States.
Yeezy boost 350 v2
ReplyDeletePandora Jewelry
Jordan Retro 11
Pandora Outlet
Air Max 270
Air Jordan 9
Kyrie Irving Shoes
Air Jordan 11
Red Bottom Shoes
Ryan20181228
Jordan 11
ReplyDeletePandora Jewelry Outlet
Air Jordan Retro 9
Pandora Jewelry
Red Bottom Shoes For Women
Adidas Yeezy
Pandora Jewelry Official Site
Kyrie Shoes
Jordan 11
Latrice20190316