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

Police seals illegal diesel factory in Herat

A diesel factory on the Islam Qala highway of Herat has been discovered and sealed by Herat police for running

Taliban demands “protection tax” from Afghan telecom companies

The Taliban has issued an edict whereby a hefty sum of “protection tax” is demanded from Afghan telecom companies. According

Clinton stresses on regional economic integration of Afghanistan

Delivering a speech on “Economic Statecraft” at the Singapore Management University, US Secretary of State Hillary Clinton underscored the importance

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Your e-mail address will not be published.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*