Singapore more optimistic about 09

The Singaporean government today raised its estimates for GDP growth (or reduced estimates for contraction) for this year, from 9% to between 4 and 6%.  Helping move the markets is also the news that the economy expanded, with strong contributions from pharmaceuticals and construction, at 20.4% on an annualized basis.

The benchmark stock index climbed 1.3 percent while the Singapore dollar rose 0.4 percent to S$1.4605 against the greenback late this morning.

More HERE.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s