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Singapore second-quarter GDP growth slows as trade tensions cloud outlook

Reuters  |  SINGAPORE 

By Aradhana AravindanSINGAPORE (Reuters) - Singapore's economic growth eased in the second quarter and missed forecasts, preliminary data showed on Friday, as manufacturing activity cooled and worsening U.S.-China trade tensions clouded the outlook for the trade-reliant city-state.Gross domestic product grew 1.0 percent in the second quarter from the previous three months on an annualised and seasonally adjusted basis, the Ministry of Trade and Industry said on Friday, slower than the median forecast of 1.2 percent in a Reuters poll of economists and the downwardly revised 1.5 percent growth ...

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First Published: Fri, July 13 2018. 08:12 IST
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