2。[Dow Jones] Singapore's 2004 GDP likely to grow 7.1%, buoyed by external
demand, improving domestic spending, writes J.P. Morgan. Says city-state's
1Q growth, 11% on-quarter SAAR (seasonally adjusted, annualized rate), mainly
driven by manufacturing. Services-producing industries, hotels, restaurants
continue to benefit from rising number of tourists and improving domestic
activity.
