The latest report suggests an underlying steady, moderate demand pace when the months are averaged.

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"The revised Additional Buyer Stamp Duty measures are meant to moderate the demand for properties across all groups of buyers of properties, including Singapore citizens, Singapore permanent residents and foreigners, " a statement provided by a Ministry of Finance official said.

WSJ: Singapore Fee Stings Wealthy House Buyers��Except Americans

"While we did see some strengthening of the IT market in the fourth quarter, first-half growth will be moderate and pent-up demand should drive a stronger recovery in the second half of the year, " he said in a statement.

BBC: Computer makers back in the black

At the same time it forecast growth in Asia would be moderate, supported by resilient domestic demand and a modest growth in external demand.

BBC: A worker in a factory in Singapore

Demand for higher ed may also moderate as parents revolt.

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If North America launches a plan to supply an ever-larger share of that demand, it would immediately soften and moderate global energy prices.

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We expect the recovery to be moderate in nature, however, with no significant demand event on the horizon while the global macroeconomic environment remains challenging.

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Obama called for a reasonable approach from both liberal Democrats who demand a public option and Republicans and some moderate Democrats who oppose the provision.

CNN: Obama calls for Congress to face health care challenge

Although Mr Reinfeldt's Moderate Party captured more votes than his three partners combined, he might not demand such a mathematically exact share of cabinet seats.

ECONOMIST: Out with the Social Democrats, in with the Moderates