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Economy 'taking a short breather'
Fiona Chan
Wed, Nov 25, 2009
The Straits Times

AFTER staging spectacular rebounds in the middle of the year, the economy is starting to pull back slightly and the property market boom has paused.

Last month brought a surprise sharp fall in trade - a 12.6 per cent drop from the previous month, the biggest decline since 2002 - and a plunge in sales of new private homes.

But do not panic: This is more likely to be a short breather rather than a return to recession, said Citigroup economist Kit Wei Zheng.


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