Singapore Q3 GDP Lower Than Expected

Singapore’s economy grew at a slower-than-expected pace in the third quarter, data on Tuesday showed, adding to growing concerns over the outlook of the wealth city state.

The economy expanded 2.4 percent in the third quarter from the year-ago period, missing a Reuters forecast for a 2.8 percent gain and following a rise of 2.4 percent rise in the previous quarter.

Quarter-on-quarter, gross domestic product (GDP) grew 1.2 percent compared with expectations for a 1.8 percent rise and after the 0.1 percent expansion in the second quarter.


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