Container transport in Singapore
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The Eurozone debt crisis continues to impact Singapore

A slowdown in trade with the European Union is raising the spectre of recession for Singapore.

The EU is Singapore's largest trading partner and after exports to the region contracted significantly in August, the markets will pay close attention to the latest data on industrial production due out later on Wednesday.

The BBC's Sharanjit Leyl explains that manufacturing makes up a quarter of gross domestic product, or GDP, a measure of the value of the city state's economy.

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