Singapore raised its annual economic forecast yesterday as it announced unexpectedly sharp growth for the second quarter, putting an end to the city-state's worst recession in 45 years and bolstering hopes that the financial crisis in Asia may have reached its low point.
The export-dependent economy is closely watched as it is seen as a bellwether for Asia and an important indicator of global demand.
South Korea, which will release its second-quarter figures next week, indicated last week that it had probably recorded its fastest quarter-on-quarter growth for 5½ years.
您已阅读34%（573字），剩余66%（1111字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。