speculationsindicatedthat Singapore's grossdomestic product will be facing a contractionphase during the fourth quarterdue to the declineof the industrial sector, which will add more pressure on thedecision makersto stimulateeconomic growthdespite the inflation's highrates.

Where theannual GDPmight show a contractionduring the fourth quarter endedDecembercomparedwith the previous quarterthatgrew by 1.9% accordingto expectations.