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
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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.
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