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The Singapore’s Institute of Purchasing & Materials Management Purchasing Managers’ Index (PMI) was 51.1 in June 2009, the second consecutive month the reading was above 50 since September 2008 , while Singapore’s May 2009 Index of Industrial Production (IIP) grew by 2.0% – the first positive growth in seven months.
Singapore has become the first Asian economy that is currently in recession to record positive economic growth. Its economy surged over 20 per cent in the second quarter this year, defying the expectations of even the most optimistic of forecasts. Singapore's trade ministry has credited the country's biomedical and electronics industries with creating the surge. In a sense, Singapore has swine flu to thank for its economic recovery.
http://www.radioaustralia.net.au/asiapac/stories/200907/s2626997.htm
Even though Singapore recorded its 9th H1N1 related death (A 27 year old woman with no known underlying health conditions became the ninth Singaporean to die from the Influenza A (H1N1) virus.) Their sacrifices is a benefit to our Nation.
Singapore has become the first Asian economy that is currently in recession to record positive economic growth. Its economy surged over 20 per cent in the second quarter this year, defying the expectations of even the most optimistic of forecasts. Singapore's trade ministry has credited the country's biomedical and electronics industries with creating the surge. In a sense, Singapore has swine flu to thank for its economic recovery.
http://www.radioaustralia.net.au/asiapac/stories/200907/s2626997.htm
Even though Singapore recorded its 9th H1N1 related death (A 27 year old woman with no known underlying health conditions became the ninth Singaporean to die from the Influenza A (H1N1) virus.) Their sacrifices is a benefit to our Nation.