Singapore Q2 growth below expectations at 3.8%
But economists largely sticking to their full-year estimates despite rising trade tensions and recent property cooling moves
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE'S economy expanded 3.8 per cent year-on-year in the second quarter of 2018, lower than economist expectations of 4.1 per cent and down from the first quarter's 4.3 per cent growth, according to Ministry of Trade and Industry (MTI) advance estimates on Friday.
Sequential momentum also slowed. On a quarter-on-quarter seasonally adjusted annualised rate (q-o-q saar) basis, the economy grew at a slower pace of 1 per cent in the second quarter, compared to 1.5 per cent in the preceding quarter.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
