» What's Going On? | | | LIVE IT LOUD? 06-11-2009 06:48 PM 17-11-2009 04:39 PM 7 Replies, 1,042 Views | | | |
11-08-2009, 08:27 AM
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#1 (permalink)
| | loneztar
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Total SGC$: 9,002.78 | Singapore Q2 GDP jumps revised 20.7 percent,
Singapore Q2 GDP jumps revised 20.7 percent, AS
SINGAPORE (AP) — Singapore's Trade and Industry Ministry says it revised slightly higher the economy's growth in the second quarter.
The ministry says in a statement Tuesday that gross domestic product grew an annualized, seasonally adjusted 20.7 percent in second quarter. The ministry last month initially reported a 20.4 percent expansion.
The ministry says GDP shrank 3.5 percent last quarter from a year earlier, better than the previous estimation of a 3.7 percent contraction.
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11-08-2009, 08:43 AM
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#2 (permalink)
| | Eye 2 Capture
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Total SGC$: 6,258.81 | Re: Singapore Q2 GDP jumps revised 20.7 percent,
They way they jump these figures is exhorbent
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11-08-2009, 09:02 AM
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#3 (permalink)
| | /B/enign /B/elligerent
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Total SGC$: 12,081.57 | Re: Singapore Q2 GDP jumps revised 20.7 percent, Quote:
Originally Posted by vios21 They way they jump these figures is exhorbent | Care to enlighten us then how such percentages come about?
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11-08-2009, 02:29 PM
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#4 (permalink)
| | SGC Duck
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Total SGC$: 892.73 | Re: Singapore Q2 GDP jumps revised 20.7 percent, Quote:
Originally Posted by Lancelot Care to enlighten us then how such percentages come about? | estimate using formula ?
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Last edited by yellowDuck; 11-08-2009 at 02:29 PM.
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11-08-2009, 03:21 PM
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#5 (permalink)
| | Experienced SGClubber
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Total SGC$: 1,537.15 | Re: Singapore Q2 GDP jumps revised 20.7 percent,
Hehehe in simple layman terms its a measure of all the goods & services produced domestically...to get the GDP they look at consumer spending, investments, excess of exports over imports & government spending..so when certain pple r encouraging consumers to spend, this helps booast up the gdp figures too..a substantial can also be influenced by the government like government spending & investment...but dont ask me into further details, i am not an economist
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11-08-2009, 08:21 PM
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#6 (permalink)
| | Registered Members
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Total SGC$: 72.00 | Re: Singapore Q2 GDP jumps revised 20.7 percent,
Nt a good sign if the GDP is oso a reflection of the property fever. Hopefully tis fever will not turn into into a craze, if it does thn siao liao lor. Bubble Bubble Bubble, Burst Burst Burst.
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