Singapore trims 2011 growth forecast and eases monetary policy

AFP
SINGAPORE — Singapore on Friday trimmed its growth outlook for 2011 to 5.0 percent from 5.0-6.0 percent previously and eased monetary policy to boost the economy despite inflation concerns.
The Ministry of Trade and Industry said the economy grew 5.9 percent in the third quarter from a year ago, an improvement from the one percent jump recorded in the previous quarter.
On a quarter-on-quarter annualised basis, economic output rebounded to surge 1.3 percent after contracting 6.3 percent in the April-June period. Full story

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