SINGAPORE: Singapore’s trade-dependent economy grew by an estimated 2.1 percent in 2015, its worst performance since the 2009 recession, as global demand for Asian exports slumped, official data showed on Monday.
The gross domestic product (GDP) expansion figure, down from 2.9 percent in 2014, was based on advance estimates that GDP in the fourth quarter of last year rose 2.0 percent year-on-year.
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