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Singapore reports economic growth

Summary

16 July 2010

Singapore looks set to become the world's fastest growing economy this year, with government estimates showing that output grew at a record annual rate of almost 20% in the three months to June.

Reporter:

Pauline Mason

Report

Much of Singapore's growth has been fuelled by investment and tourism from overseas.

It has positioned itself as a high-end manufacturer. It makes complex nanotechnology, pharmaceuticals1 and biotech products like flu vaccines2.

Exports of electronics alone were up 49% in June.

And visitors from wealthy neighbours China and Indonesia have flocked to its two new casino resorts, which opened in April.

But Singapore's main trading partner remains3 the European Union. And, despite austerity measures imposed by EU governments, exports to the bloc4 surged 75% in June.

That prompted Singapore's government to raise its annual growth forecast to a record high of between 13 and 15% for the year.

Pauline Mason, BBC News, Singapore


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1 pharmaceuticals be065c8a4af3a2d925d11969faac34cf     
n.医药品；药物( pharmaceutical的名词复数 )
参考例句：
  • the development of new pharmaceuticals 新药的开发
  • The companies are pouring trillions of yen into biotechnology research,especially for pharmaceuticals and new seeds. 这些公司将大量资金投入生物工艺学研究，尤其是药品和新种子方面。 来自《简明英汉词典》
2 vaccines c9bb57973a82c1e95c7cd0f4988a1ded     
疫苗，痘苗( vaccine的名词复数 )
参考例句：
  • His team are at the forefront of scientific research into vaccines. 他的小组处于疫苗科研的最前沿。
  • The vaccines were kept cool in refrigerators. 疫苗放在冰箱中冷藏。
3 remains 1kMzTy     
n.剩余物，残留物；遗体，遗迹
参考例句：
  • He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
  • The remains of the meal were fed to the dog.残羹剩饭喂狗了。
4 bloc RxFzsg     
n.集团；联盟
参考例句：
  • A solid bloc of union members support the decision.工会会员团结起来支持该决定。
  • There have been growing tensions within the trading bloc.贸易同盟国的关系越来越紧张。

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