Pursuits
Singapore Adopts 2008 Crisis Policy as Growth Grinds to Halt
- Central bank moves to zero appreciation stance on currency
- Gross domestic product stagnant as services industry contracts
Singapore 1Q GDP Rises 1.8% on Year
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Singapore’s central bank unexpectedly eased its monetary stance, adopting a policy last used during the 2008 global financial crisis, as economic growth in the trade-dependent city-state ground to a halt.