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As on: Oct 18, 2019 10:51 AM
Economic Buzz: Singapore GDP Shrinks In Q2
12-Jul-19   09:31 Hrs IST
Singapore economy contracted in the second quarter as trade wars weighed on the electronics and precision engineering, advance estimate from the Ministry of Trade and Industry showed Friday. Gross domestic product shrunk 3.4 percent on quarter-on-quarter annualized basis in the second quarter, reversing the 3.8 percent expansion in the previous period. On a yearly basis, the economy grew marginally by 0.1 percent, following the first quarter's revised 1.1 percent increase.

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