SUFFERING
The city-state was the first country in Asia to fall into a recession when figures released in October showed two straight quarters of economic contraction.
Trade dependent Singapore has suffered as exports to key markets, including the US and Europe, have fallen during the worst global economic crisis since the Great Depression of the 1930s.
Earlier this month, the government again slashed its economic forecast for this year, predicting something in the range between a contraction of 2 percent and an expansion of 1 percent.
RSS