Department of Trade and Industry said it expects fourth quarter of this year, the Singapore economy will be the impact of weak external demand, the electronics industry will continue to decline in the third quarter of strong growth in the biomedical industry is expected to also be difficult to continue to remain strong. However, the DTI to maintain annual economic growth forecast at 5%.
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Singapore Ministry of Trade and Industry said on the 21st, by the deteriorating global economic environment, weak external demand and other factors, is expected to slowdown in Singapore's economic growth next year will be 5% this year to slow to 1% -3%.
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day, the Singapore trade promotion agency International Enterprise also significantly lowered its 2011 export growth is expected, a local non-oil export growth from the projected 6% -7% down to 2% -3%, while in 2012 Singapore, a local non-oil export growth is expected to be 3% -5%.
Monetary Authority of Singapore recently in a report also said that global economic and financial system is currently at its most vulnerable state in the international financial crisis of 2008 World steel pipe network editing , is expected next year, the Singapore economy will be the impact of weak external demand.
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Department of Trade and Industry released the same day the amended third-quarter economic data to show that Singapore's economy in the third quarter grew 6.1%. The third quarter, manufacturing output grew 14.2%, financial services grew by 10.5% world pie network information . Chain statistics, the third-quarter growth data from 1.3% revised to 1.9%.
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