Singapore's economy surges for second straight quarter as manufacturing reboundsOctober 12th, 2009 Singapore economy surges for 2nd straight quarterSINGAPORE — Singapore's economy surged for a second straight quarter, and the government boosted its 2009 growth forecast, as manufacturing cemented the city-state's emergence from recession. Gross domestic product grew an annualized, seasonally adjusted 14.9 percent in the third quarter, following a jump of 22 percent the previous quarter, the Trade and Industry Ministry said Monday.
France out of recession, official figures showSeptember 25th, 2009 PARIS - France emerged from recession in the second quarter of 2009 as its GDP rose by 0.3 percent, the government's statistics office INSEE announced Friday. The economic expansion followed four consecutive quarters of contraction for the French economy, caught up in the global economic crisis.
South Korea's economy surges to highest growth in 5 1/2 years in second quarterJuly 24th, 2009 SKorea economy grows at fastest pace in 5 1/2 yrsSEOUL, South Korea — Government pump-priming and easy credit jolted South Korea's economy to its fastest growth in nearly six years in the second quarter, adding to evidence Asia is rebounding from the global slump. The region's fourth-largest economy expanded 2.3 percent in the three months ended June 30, the Bank of Korea said Friday, as record low interest rates and government stimulus spending insulated it from the global downturn.
South Korea's economy surges to highest growth in 5 1/2 yearsJuly 24th, 2009 SKorea's economy grows 2.3 percent in 2nd quarterSEOUL, South Korea — South Korea's economy recorded its strongest growth in 5½ years in the second quarter as increased government spending and record low interest rates insulated it from the global recession. Asia's fourth-largest economy expanded 2.3 percent in the three months ended June 30, the Bank of Korea said Friday in a report.
South Korea's economy surges to highest growth in 5½ years in second quarterJuly 24th, 2009 S. Korea economy grows at fastest pace in 5½ yearsSEOUL, South Korea — South Korea's economy recorded its strongest growth in 5½ years in the second quarter as increased government spending and record low interest rates insulated it from the global recession. Asia's fourth-largest economy expanded 2.3 percent in the three months ended June 30, the Bank of Korea said Friday.
Singapore's exports drop 11 percent in June from year earlier, show little sign of improvementJuly 17th, 2009 Singapore exports drop, show little improvementSINGAPORE — The slump in Singapore's non-oil exports eased only slightly in June, suggesting the city-state's economy still faces a tough battle after emerging from recession in the second quarter. Exports fell 11 percent in June from the same month of 2008 to 11.4 billion Singapore dollars ($7.9 billion) following a 12 percent drop in May, according to Trade and Industry Ministry figures released Friday.
Singapore says economy jumps 20 percent in second quarter, raises 2009 growth forecastJuly 14th, 2009 Singapore's economy emerges from recession in Q2SINGAPORE — Singapore's economy grew for the first time in a year, soaring 20 percent in the second quarter, a sign Asia is emerging from the global slump. Gross domestic product jumped an annualized, seasonally adjusted 20.4 percent in the three months through June from the previous quarter, the Trade and Industry Ministry said Tuesday in a statement.
Singapore property prices drop again, 5.9 percent in second quarterJuly 1st, 2009 Singapore Q2 property prices drop 5.9 percentSINGAPORE — Singapore real estate prices fell in the April-June period for a fourth straight quarter amid the city-state's worst ever recession. Private residential property prices fell 5.9 percent in the second quarter from the previous quarter after plunging 14 percent in the first quarter, the Urban Redevelopment Authority said Wednesday.
Singapore manufacturing rises for second month in May, up 2 percentJune 26th, 2009 Singapore manufacturing rises for second monthSINGAPORE — Singapore's manufacturing rose for a second month in May as pharmaceutical production more than doubled amid signs a severe recession is loosening its grip on the Southeast Asian city-state. Industrial production rose 2 percent from a year earlier and fell a seasonally adjusted 1.6 percent from April, the Trade and Industry Ministry said Friday.
Singapore's exports drop 12 percent in May from year ago, but show signs of improvementJune 17th, 2009 Singapore exports drop again, but show improvementSINGAPORE — The slump in Singapore's non-oil exports eased in May, suggesting the most important sector of the city-state's economy is stabilizing. Exports fell 12 percent in May from the same month of 2008 to 10.9 billion Singapore dollars ($7.5 billion) following a 19 percent drop in April, according to Trade and Industry Ministry figures released Wednesday.
Singapore retail sales plummet most since 1999 as worst ever recession hurts confidenceJune 15th, 2009 Singapore retail sales plunge most in 10 yearsSINGAPORE — Singapore retail sales suffered their biggest drop since 1999 as shoppers cut back on big-ticket items such as cars and furniture amid the city-state's worst ever recession. The statistics department said Monday that retail sales fell 11.7 percent from a year earlier after dropping 7.3 percent in March and 5.5 percent in February.
Poland's economy grows 0.8 percent in first quarter of 2009 compared to year earlierMay 29th, 2009 Polish economy grows 0.8 percentWARSAW, Poland — Poland's economy grew by 0.8 percent in the first quarter of 2009 compared to the same quarter a year earlier, the state statistical office said Friday. It is a sharp fall compared to the economic boom this ex-communist country has enjoyed since it joined the European Union in 2004, but nonetheless shows it is still growing even as neighboring countries have fallen into recession.
Singapore's economy contracts 10.1 percentMay 21st, 2009 SINGAPORE - Singapore's export-reliant economy contracted 10.1 percent in the first quarter of 2009 compared to a year ago and could shrink by 6 to 9 percent for the whole year, the government said Thursday. Amid the global economic downturn, the city-state is in its worst recession since independence from Malaysia in 1965.
Singapore stocks jump 5.6 percent to 6-month high as optimism on the economy spurs banksMay 4th, 2009 Singapore stocks rise 5.6 percent to 6-month highSINGAPORE — Singapore stocks jumped to a six-month high Monday on growing investor optimism that the worst of the global economic downturn may be over. The Straits Times index rose 108.43, or 5.6 percent, to 2,028.71.
Singapore recession likely bottomed in 1st quarter, but weak recovery seen, central bank saysApril 29th, 2009 Central bank: Singapore recession likely bottomedSINGAPORE — Singapore's central bank says the city-state's worst recession likely bottomed in the first quarter, but faces a tepid recovery amid weak export demand. The economy could shrink as much as 9 percent this year as a "deep and prolonged" global downturn batters exports, which account for about 60 percent of GDP, the Monetary Authority of Singapore said in a quarterly report Wednesday.
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