Independent journal on economy and transport policy
18:58 GMT+2
Economy shrinks, recession deepens
(South China Morning Post)
October 10, 2001
SINGAPORE
Heather Paterson of Associated Press in Singapore
In an unprecedented economic downturn, Singapore has slipped further into recession and there is no hope of recovery this year, the government said on Wednesday.
The country's economy contracted by 5.6 per cent in the third quarter of this year compared with the same period last year, according to new government ...... Read more on South China Morning Post
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