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Singapore’s economy slows in 2014

by ChemOrbis Editorial Team -
  • 31/12/2014 (13:04)
According to media reports, Singapore’s economy slowed in 2014. The country’s gross domestic product increased 2.8% this year after an expansion of 3.9% recorded in 2013. Economists’ estimates called for a 3% increase this year.

Singapore’s slower expansion was attributed to slower growth in other major global economies, especially China, Europe and Japan as the country’s economy is mainly dependent on exports.
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