1.
Drones over U.S. may pose security risks
SINGAPORE, Jan. 2 (UPI) -- Singapore saw its 2008 fourth-quarter gross domestic product decline by 12.5 percent from the same period of 2007, the government said Friday.
The island state's Trade and Industry Ministry, blaming the decline on the global economic crisis, further cut its forecast for 2009, saying economic growth wouldn't exceed 1 percent and may even shrink by 2 percent, CNN reported. That compared with the November forecast of negative 1 percent to 2 percent.
"Since November, analysts have shaded down their growth forecast for the United States, Europe and Japan by about 1 percentage point," the ministry said in a statement.
"The growth outlook for the regional economies has also deteriorated, with more economies now expected to register negative or flat growth next year."
Last year, Singapore's economy grew by about 1.5 percent, down from a forecast of 2.5 percent. The 2007 growth rate was 7.7 percent.
| Additional Business News Stories | |
TEGUCIGALPA, Honduras, Feb. 9 (UPI) --
Honduras is inching back toward economic recovery and sees more international tourism as a way out of the crisis triggered by its June 2010 coup.
|
HILLSBORO, Ore., Feb. 9 (UPI) --
Solar panels generating a total of 1.3 megawatts of power are installed at a U.S. Navy facility and ready to begin their first full year of operation.
|
With rental vacancy rates at their lowest levels in 10 years, a review of TransUnion's proprietary rental screening database found that rental prices remained about the same between the fourth quarters of 2010 and 2011....
|
Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
|
| Stories | Photos | People | Comments |
View Caption
