India’s growth data due out on Friday will show Asia’s third largest economy expanding by 5.3 percent in the second quarter, according to estimates from Moody’s Analytics, a touch slower than 5.7 percent in the January-March period.
Meanwhile, a Reuters poll forecast Singapore’s economy to expand an annualized 2.5 percent in the third quarter, compared to 2.4 percent in the April-June period, when growth figures are released Tuesday. Quarter-on quarter growth is expected to rise 1.3 percent, a slight improvement from 1.2 percent last quarter.
“GDP results in India should show that the post‐election improvement in business sentiment is starting to lift investment,” Moody’s said. “Final third quarter GDP estimates for Singapore should show mildly below‐trend growth, partly due to lackluster electronics production.”
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