SINGAPORE: The city-state’s economy, which fell into a recession in the third quarter, will see growth remaining weak for “several quarters” though inflationary pressures will take time to ease, the country’s trade minister said yesterday.
Trade Minister Lim Hng Kiang said in parliament that Singapore’s exports and manufacturing activity had slowed on the back of the financial crisis, and that the country’s jobless rate for 2008 would be higher than the 2.1% seen last year.
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