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Old 11-08-2009, 08:27 AM   #1 (permalink)
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Default 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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Old 11-08-2009, 08:43 AM   #2 (permalink)
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Default Re: Singapore Q2 GDP jumps revised 20.7 percent,

They way they jump these figures is exhorbent

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Old 11-08-2009, 09:02 AM   #3 (permalink)
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Default Re: Singapore Q2 GDP jumps revised 20.7 percent,

Quote:
Originally Posted by vios21 View Post
They way they jump these figures is exhorbent
Care to enlighten us then how such percentages come about?

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Old 11-08-2009, 02:29 PM   #4 (permalink)
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Default Re: Singapore Q2 GDP jumps revised 20.7 percent,

Quote:
Originally Posted by Lancelot View Post
Care to enlighten us then how such percentages come about?
estimate using formula ?

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Old 11-08-2009, 03:21 PM   #5 (permalink)
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Default 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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Old 11-08-2009, 08:21 PM   #6 (permalink)
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Default 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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