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.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.