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To: StanX Long who wrote (55623)11/15/2001 1:39:34 AM
From: StanX Long  Read Replies (1) | Respond to of 70976
 
Thursday November 15, 11:24 AM

Singapore growth seen bleak with trade in doldrums

By Jacqueline Wong

sg.news.yahoo.com

SINGAPORE (Reuters) - Singapore's third-quarter growth data, which will capture the initial impact on the export-dependent economy from the air attacks on the U.S., will likely show more damage to the services sector from threats to global security, economists say.

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 covered July and August.

"There might be some revision to the numbers because of September 11, probably slightly weaker," Kaan Quan Hon, economist with DBS Bank, said on Tuesday. "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 may emerge in the fourth quarter.