21.10.2008 - Singapore Mininter: Financial turmoil hurt property market sentiment
From Nasdaq.com: Singapore's economy is expected to be weak for the next several quarters as the city-state feels further spillover from the financial crisis, Minister for Trade and Industry Lim Hng Kiang said. "The impact of evolving crisis has already started to flow to Singapore," Lim told parliament. "Prepare for weak growth in coming quarters." Singapore fell into recession in the third quarter and the government now expects the economy to expand 3% in 2008..... Full Article: Source
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