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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (55703)	11/16/2001 2:45:51 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Friday November 16, 10:13 AM Singapore third-quarter GDP shrinks 5.6 percent sg.news.yahoo.com SINGAPORE (Reuters) - Recession-hit Singapore said on Friday gross domestic product (GDP) in the third quarter of 2001 fell 5.6 percent year-on-year and 11 percent on an annualised quarter-on-quarter basis. The final figure for the year-on-year decline was unchanged from the flash estimate on October 10 which was largely based on two months of data before the September 11 attacks on the United States. But the annualised quarter-on-quarter number was revised downwards from 9.9 percent in the flash estimate, showing the export-dependent economy was contracting at a faster pace. The Ministry of Trade and Industry (MTI) said in a statement it was maintaining its forecast for the economy to contract around 3.0 percent in 2001, which was revised from 0.5 to 1.5 percent growth in early October. The MTI also stuck to its projection for 2002 GDP in the range of 2.0 percent growth to a 2.0 percent contraction.