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Politics : Formerly About Applied Materials
AMAT 317.97-2.8%3:59 PM EST

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To: StanX Long who wrote (55494)11/14/2001 12:57:14 AM
From: StanX Long  Read Replies (1) of 70976
 
Tuesday November 13, 4:47 PM

Singapore Q3 GDP seen bleak with trade in doldrums
By Jacqueline Wong

sg.biz.yahoo.com

SINGAPORE, Nov 13 (Reuters) - Singapore's third-quarter growth data will reveal the full brunt of the September 11 attacks on its export-dependent economy and what lies in store from threats to global security, economists said on Tuesday.

But most expect the official gross domestic product (GDP) figure scheduled for release on Friday at 8 a.m. (0000 GMT) to be not far off from the flash estimate of minus 5.6 percent published on October 10.

The flash estimate was based on two months of data before the attacks in the United States and fallout from the event.

"There might be some revision to the numbers because of September 11, probably slightly weaker," said Kaan Quan Hon, economist with DBS Bank. "The odds of that happening are there."

But he said manufacturing and other data for September published so far had not been significantly weaker, raising the possibility that more weakness will emerge only in the fourth quarter.
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