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Singapore dodges recession as Q2 GDP gets tech boost, Fed risks eyed

Reuters  |  SINGAPORE 

By Fathin UngkuSINGAPORE (Reuters) - Singapore's economy grew in the second quarter, dodging a recession thanks to solid global demand for its tech products, though some analysts caution that rising rates in the United States could lift local borrowing costs in a blow to household spending.The affluent city-state has been among a number of export-reliant Asian economies to benefit from a general uptick in global demand since late last year, enjoying strong sales of its semiconductors and semiconductor manufacturing equipment - a factor that has boosted manufacturing output over the past ...

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First Published: Fri, July 14 2017. 09:32 IST