Singapore economy shrinks 4.2 pct in 4th quarter (AP)

Workers paint a steel structure with Singapore's financial district seen in the background, Thursday Feb. 26, 2009 in Singapore. Singapore said its economy shrank more than previously estimated in the fourth quarter, as a global collapse in trade hit the country's exports.(AP Photo/Wong Maye-E)AP – Singapore’s economy shrank more than previously estimated in the fourth quarter as a global collapse in trade hit the country’s exports.

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