Arab Today, arab today economy of singapore grows by 12 in 2012
Last Updated : GMT 03:33:17
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Economy of Singapore grows by 1.2% in 2012

Arab Today, arab today

Arab Today, arab today Economy of Singapore grows by 1.2% in 2012

Singapore - QNA

Economy of Singapore grew by 1.2% in 2012 instead of the projected 1.5%, Prime Minister of Singapore Lee Hsien Loong said Tuesday. The figure means that the economy of Singapore contracted by 2%, quarter-on-quarter, in the fourth quarter of 2012. However Loong expects the economy to grow between 1-3% in 2013. Singapore has been badly hit by the weakness in Western economies, Loong said stressing that the week US, European and Japanese economies dampened Singapore's economic outlook.

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