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Glory Glory!!!! S'pore Q3 GDP up 15%!!!

RonRon

Alfrescian
Loyal
S'pore Q3 GDP up 15%

Q3-BT.jpg


SINGAPORE'S economy grew an annualised 14.9 per cent in the third quarter, driven by the continued expansion of biomedical and electronics manufacturing output.

This is the second consecutive expansion, following a 22 per cent growth in the second quarter. Compared to a year ago, the economy grew by 0.8 per cent, after a 3.2 per cent contraction in the previous quarter.

The manufacturing sector expanded by 35 per cent on a seasonally-adjusted annualised basis, on the back of the previous quarter's spike of 59 per cent. This increase was primarily due to a continued surge in the production of higher value active pharmaceutical ingredients in the biomedical manufacturing cluster, said the Ministry of Trade and Industry in a statement on Monday morning..

MTI added that trade-related and tourism sectors of the economy also improved on the back of a gradual stabilisation in global economic conditions.

'Taking these factors into account, MTI is upgrading the economic growth forecast for 2009 to -2.5 to -2.0 per cent,' it said. This is less than an earlier forecast for a contraction of 4 per cent to 6 per cent.

'A clear but modest recovery is underway globally, at least for the next three or four quarters,' said MTI. 'However, economic activity will probably remain below pre-crisis levels because of the drag on demand in the developed economies posed by high levels of spare capacity and tight credit conditions.

A sustained recovery in private consumption and investment in the developed economies is needed to support growth momentum into the second half of 2010, it added.
 

ahpong

Alfrescian
Loyal
Why first 3 quarters all grew by 15% to 22%, the overall growth for the whole year can be -2% one?
 

johnny333

Alfrescian (Inf)
Asset
Well done Singapore......but that a fcuking piece of bad news to assholes in this forum who want the downfall for Singapore....:rolleyes:


Don't be too happy lah.

Was watching the BBC & as pointed out most of the growth is due to the pharmaceutical sector. This sector is very fickle and there are questions on how is it going to perform in future :confused:

Many people have lost their jobs & they still have to pay their mortgages, gst, ...

There is also the threat of a double dip recession.
 

Muthukali

Alfrescian (Inf)
Asset
Now said Q3 up 15per cent, later Q4 result, negative 15 per cent..... u will never know...........
 

Watchman

Alfrescian
Loyal
Don't be too happy lah.

Was watching the BBC & as pointed out most of the growth is due to the pharmaceutical sector. This sector is very fickle and there are questions on how is it going to perform in future

Correct spot on. ! And Pharmaceutical as you know don't employ very much people .

Low staff, high yield all mechanized . They can have services elsewhere.
 

tiuroyston46asshole

Alfrescian
Loyal
Don't be too happy lah.

Was watching the BBC & as pointed out most of the growth is due to the pharmaceutical sector. This sector is very fickle and there are questions on how is it going to perform in future :confused:

Many people have lost their jobs & they still have to pay their mortgages, gst, ...

There is also the threat of a double dip recession.

Me happy only to ass those asshole in this forum only lah.......:p
 
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