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Twin engines of growth sputter in Q3 with sequential declines

Economists warn of tougher times ahead, especially in services sector

Biomedical manufacturing (above), together with transport engineering and general manufacturing saw a chilling decline in output as the sector registered a 17.4 per cent sequential contraction.


SINGAPORE'S twin engines of growth - the services and manufacturing sectors - floundered spectacularly in the third quarter of 2016, leaving the market aghast and prompting a round of forecast cuts.

Together, the two sectors pulled overall gross domestic product squarely...

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