PAP forged more economic figures to con peasants votes now. 23.5% lon pray pray! Over heated economy already, like Fukushima Power Plant, much have emergency quenching measures ASAP! KNN CCB Shameless LIARS!
:oIo::oIo::oIo::oIo::oIo:
http://www.marketwatch.com/story/si...n-q-annualized-2011-04-13?link=MW_latest_news
market pulse
April 13, 2011, 8:12 p.m. EDT
Singapore's economy grows 23.5% q-on-q annualized
Related stories
Singapore tightens monetary policy (April 13)
Dollar hits lowest level since 2009 (2:48a)
China headed toward stagflation, instability (April 13)
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By Sarah Turner
SYDNEY (MarketWatch) -- Singapore's economy grew 23.5% at a quarter-on-quarter annualized rate in the first quarter of 2011, according to the country's Ministry of Trade and Industry. In the fourth quarter of 2010, the economy grew by 8.8%. On an annual basis, the economy expanded by 8.5%, compared to 12.0% annual growth in the previous quarter. Growth in the first quarter of 2011 was led by the manufacturing sector, the ministry said. The Monetary Authority of Singapore also said it would raise the Singapore dollar's trading band, effectively tightening policy, adding that it expects consumer inflation to rise to the upper half of its 3%-4% range, according to reports. Singapore uses its managed exchange-rate rather than interest rates as its main monetary-policy tool.
:oIo::oIo::oIo::oIo::oIo:
http://www.marketwatch.com/story/si...n-q-annualized-2011-04-13?link=MW_latest_news
market pulse
April 13, 2011, 8:12 p.m. EDT
Singapore's economy grows 23.5% q-on-q annualized
Related stories
Singapore tightens monetary policy (April 13)
Dollar hits lowest level since 2009 (2:48a)
China headed toward stagflation, instability (April 13)
Aussie bulls test fear of heights (April 13)
By Sarah Turner
SYDNEY (MarketWatch) -- Singapore's economy grew 23.5% at a quarter-on-quarter annualized rate in the first quarter of 2011, according to the country's Ministry of Trade and Industry. In the fourth quarter of 2010, the economy grew by 8.8%. On an annual basis, the economy expanded by 8.5%, compared to 12.0% annual growth in the previous quarter. Growth in the first quarter of 2011 was led by the manufacturing sector, the ministry said. The Monetary Authority of Singapore also said it would raise the Singapore dollar's trading band, effectively tightening policy, adding that it expects consumer inflation to rise to the upper half of its 3%-4% range, according to reports. Singapore uses its managed exchange-rate rather than interest rates as its main monetary-policy tool.
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