of poll indicates singapore is asia's weakest economy

POLL-Singapore seen emerging Asia's weakest economy: Reuters reports that Singapore will be Asia's worst-performing economy for next year.

Singapore is poised to be emerging Asia's worst-performing economy next year, when it is likely to remain entrenched in recession as the global downturn erodes demand for its exports, a Reuters poll shows.

The poll predicts the island state's gross domestic product (GDP) will contract 1.1 percent in 2009. That marks a rapid deterioration in the economic environment from two months ago as the global financial crisis has deepened -- a similar poll in late September forecast 4.6 percent GDP growth in 2009.

[via Diary of A Singaporean Mind]