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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 ...

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