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S'pore just avoids recession

SINGAPORE#8217;S export-driven economy grew a slim 0.4% in the fourth quarter of 2002, led by strong factory output which helped the city-state narrowly avoid recession.


S'pore factory output rebounds

Factory production in Singapore rebounded in December, jumping 6.6% from November and 19% from a year earlier #8211; nearly double the gain expected in financial markets, official data showed yesterday.