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Tuesday, March 8, 2011

Singapore's Economy May Expand 5.7% This Year, Central Bank Survey Shows

Bloomberg, 9 Mar 2011Singapore’s economy will probably expand faster than initially estimated in 2011, stoking inflation and a larger appreciation in the currency, a central bank survey showed.Gross domestic product may increase 5.7 percent this year, after growing 14.5 percent in 2010, according to the median estimate of 20 economists in a survey by the Monetary Authority of Singapore released