Singapore Freight Transport Report Q3 2012 - New Market Research Report
We continue to see Singapore entering technical recession as the economy contracts in Q112, and see continued weakness in H212. This will result in full-year real GDP growth of just 2.6%, versus consensus expectations of 3.6%. With overall exports amounting to well over 200% of GDP, a slump in global trade and financial services will obviously take its toll on growth. This will take an equal effect on the country's freight transport sector. Singapore's pre-eminence as a transhipment hub leaves...
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