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

To: StanX Long who wrote (59036)	1/17/2002 9:47:38 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Thursday January 17, 5:47 PM Singapore eyes export rebound after 2001 slump By Peh Soo Hwee sg.news.yahoo.com SINGAPORE (Reuters) - Singapore expects to see export growth by mid-year after a record slump in 2001 if world demand led by electronics picks up, the Trade Development Board (TDB) said on Thursday, but analysts say full recovery is not yet in sight. "We think that our exports may reverse in the middle of this year," said Lee Yi Shyan, Chief Executive Officer of the TDB at a media briefing on the outlook for the current year. But Lee made it clear that the optimistic outlook hinged heavily on the economic recovery in the United States -- the city state's largest market for domestic exports -- which has been in recession since last March. Although recent economic data has been encouraging, Federal Reserve Chairman Alan Greenspan has warned that dangers remain and it is too soon to feel confident about a return to steady growth in the United States. Singapore analysts said while December data confirmed that exports had hit a bottom, it was too early to call a recovery, which many expect only in the second half at best. "The numbers are slightly better than my expectations. It shows that the trade numbers have continued to improve," said Kaan Quan Hon, economist at DBS Bank.