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TGIF, let's party! STI cheong as S'pore economy avoids recession

Romagnum

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Economy is strong, job market healthy, wa ka li yo lai yo kee!



http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1230898/1/.html

SINGAPORE: Singapore's economy grew by 1.3 percent on a year-on-year basis in the third quarter of 2012, compared to 2.3 per cent growth in the previous quarter.

On a quarter-on-quarter basis, the economy contracted by 1.5 percent, a reversal from a growth of 0.2 percent in the second quarter.

Releasing the advance GDP estimates for the third quarter on Friday, the Ministry of Trade and Industry (MTI) said the Singapore economy remains on track to grow by 1.5 to 2.5 percent in 2012.
 
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