August retails sales in the Singapore economy dropped its smallest amount in eight months according to Bloomberg.
While the Singapore economic news shows the Singapore economy is not yet completely out of the global recession, it does signal that the Singapore economy may be stabilising despite continued job cuts.
The Singapore government expects the Singapore economy to contract as much as 2 percent in 2009.
1 response so far ↓
1 Singapore Company Formation // Oct 29, 2009 at 11:32 pm
This global recession is not really out in Singapore, maybe around 1st quarter of year 2010 it will come out of recession and economy will go back to normal
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