English | دری

Singapore’s manufacturing sector boosts economic growth beyond expectations

in Afghan Business

Singapore’s manufacturing sector boosts economic growth beyond expectations

singaporeSingapore reports an economic growth of 1.5% in the three months to the end of December, from a year earlier, compared with initial estimates of around 1.1%.

The manufacturing sector, which had recently slumped as a result of global slowdown, had a major contribution to the unexpected growth of the economy. The sector expanded by an annualized rate of 3.1% in the October-December period, compared with the previous three months.

The government, however, thinks the economy still remains prone to the fragile economic conditions in the Eurozone and the United States.

Tags assigned to this article:
Signapore manufacturing sectorSingapore economy

Related Articles

Decline in car prices in Kabul due to insecurity and Afghans exodus

Insecurity and massive exodus of Afghans to Europe have resulted in a drastic decline in sales of vehicles in capital

Herat Airport launches its first international flight

Herat International Airport witnessed its first international flight from Kabul to New Delhi, India on 16 November 2013. “We launched

Finance ministry rules out more changes to budget

A finance ministry official said on Monday the rejection of the proposed annual budget by the Wolesi Jirgafor a second

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.