EDITORIAL ·
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Sustained pick-up needed before cheering upturn

FOR market watchers resigned for a while now to gloomy news in what has been an extended period of economic sluggishness around the world, the macroeconomic headlines of late, both domestic and global, would have surprised somewhat, if not quite bringing cheer.

There were some bright spots in the first-quarter flash data released last week by Singapore's Ministry of Trade and Industry, notably a strong showing in the key manufacturing sector. But what got economists enthused and gushing were the March...

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