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04 April 2020 The on-line newspaper devoted to the world of transports 11:39 GMT+2

February 28, 2002

Singapore admits worst ever recession

Singapore fell into its worst ever recession in 2001.

The economy shrank by 2% during the year, according to new data released by the Ministry of Trade and Industry.

This is the worst performance since independence in 1965 and stands in stark contrast to the robust growth of 10.3% recorded the previous year.

Singapore's economy is driven by exports and ......
Read more on BBC News

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