Chart of the Day: GDP growth slows

Singapore has narrowly averted a contraction, thanks to the pharmaceutical industry.

DBS Group Research noted:

Final GDP figures for 2Q12 will be on tap this Friday morning. As the nation is due to celebrate its 47th birthday, the good news is that the earlier prediction (official advance estimates) of a 1.1% QoQ saar contraction in GDP is likely to be revised upwards to a modest 0.4% expansion. That should translate into a 2.2% YoY expansion.

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