2008 SGP Economy Report Bk

(1) GDP
4Q08 (yr-yr): -4.2% (LastQ: 0.0%)
2008: 1.1% (2007: 7.8%)
2009 Forecast: -5 to -2% (Revised fr: -2 to 1%)

(2) CPI
(A) Mth-Mth
Oct: 1.0% (Last mth: No change)
Nov: -0.2%
Dec: -0.6%

(B) Yr-Yr
Oct: 6.4% (Last mth: 6.5%)
Nov: 5.5%
Dec: 4.3%

(C) 2008: 6.5%

(3) Employment
4Q08: 26.9k (LastQ: 55.7k)
2008: 227.2k (LastYr: 234.9k)

(4) Retrenchment
4Q08 Prelim: 7k (LastQ: 2,346)
2008 Prelim: 13,400 (LastYr: 7,675)

(5) Unemployment
4Q08: 2.6% (LastQ: 2.2%)
2008: 2.3%(LastYr: 2.1%)

* MTI-GDP *
* StatSing: CPI10, CPI11, CPI12 *
* MOM-Employment *