Has Singapore been lifted from recession?

"SINGAPORE (Reuters) - Singapore leapt out of its worst recession and upgraded its economic outlook due to rising drugs production and construction, though analysts said it was too early for the central bank to end its accommodative policy.

The government revised up its 2009 forecast for the economy to shrink by 4 to 6 percent from a contraction of up to 9 percent, and analysts said China and other Asian exporters were also likely to report improved second-quarter growth."

Source: http://in.reuters.com/article/businessNews/idINIndia-41015420090714

=============================

If you ask me I would say no. While I am no prolific economist or analyst, I think the world economy is far from recovery.

Though technically yes (an economy is in recession if it reports 2 consecutive quarters of slowdown), Singapore has narrowly escaped from recession this quarter. Most analysts also believe that this is only a temporary boost which is unlikely to sustain till the end of this year.