You are here: Home » Reuters » News
Business Standard

Singapore's economy healthier than expected in Q2, recovery broadens

Reuters  |  SINGAPORE 

By Masayuki KitanoSINGAPORE (Reuters) - Singapore's trade-reliant economy grew much faster than initially estimated in the second quarter and more than analysts had expected, with a rebound in services suggesting a broader and more balanced recovery after a stumble early in the year.The city-state's economy grew 2.2 percent in April-June on an annualised and seasonally adjusted basis, rebounding from a revised 2.1 percent contraction in the preceding quarter, data showed on Friday.The reading was far stronger than the government's advance estimate last month of 0.4 percent growth and well ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, August 11 2017. 09:24 IST
RECOMMENDED FOR YOU