Q3 technical recession unlikely due to manufacturing uptick: DBS

Singapore

SINGAPORE'S economy is expected to avert a technical recession in the third quarter this year, thanks to a mild improvement in the manufacturing sector, though support is still warranted, according to a latest report by DBS Group Research.

According to DBS analysts, Singapore's economy will likely register a growth of 0.4 per cent year-on-year and a growth of 2.1 per cent quarter-on- quarter in Q3 2019, based on a seasonally adjusted annual rate.