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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

Published Fri, Oct 12, 2018 · 09:50 PM

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.