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Singapore Q3 GDP +14.9% On Quarter

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Singapore's gross domestic product expanded 14.9 percent in the third quarter of 2009 compared to the previous three months, Statistics Singapore said on Monday.

That was better than analyst expectations for a 14.5 percent quarterly increase following the 20.7 percent surge in the second quarter.

On an annual basis, GDP was up 0.8 percent - again beating forecasts for a 0.5 percent gain after the 3.5 percent decline in the previous three months.

(Market News Provided by RTTNews)

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