Q3 growth better than expected; economists upgrade 2018 forecasts
2.6% year-on-year figure beats forecast of 2.4%; growth in first 3 quarters of 3.8% best 9-month performance since 2013
Singapore
SINGAPORE'S economy turned in a better-than-expected report card for the third quarter, which led several economists to upgrade their full-year growth forecasts.
Even with trade tensions and emerging market uncertainties casting a pall on the outlook, the economy is still on track to grow at a steady but more subdued clip for the rest of the year and 2019, said economists.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Daily Debrief: What Happened Today (May 7)
Two men convicted in S$3 billion money laundering case deported to Cambodia
Daily Debrief: What Happened Today (May 6)
Beyond giving grants, EnterpriseSG seeks to be more proactive about helping businesses transform
Daily Debrief: What Happened Today (May 3)
Taylor Swift effect: Singapore hotels’ average room rate grows in March; tourist arrivals reach new post-Covid high