Sunday, July 26, 2009

Singapore news, economic outlook dependent on external economies

After Stock market are rise up around asia Channel news Asia report Singapore's economic outlook is still dependent on other major economies like the US and Europe.

Finance Minister Tharman Shanmugaratnam said

"Although we had a good second quarter - the second quarter of 2009 was a quarter with much better GDP growth compared to the previous two quarters where we saw a very deep contraction - the outlook for the future is basically determined by the US, Europe and the rest of Asia."

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