Published 4 years ago

Singapore's economy contracted by 7% year-on-year in the third quarter, official estimates show

Summary by CNBC

Analysts polled by Reuters had expected the Singapore economy to shrink by 6.8% year over year in the third quarter.

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News18 India

Singapore GDP Shrinks 7%, More Than Forecasts

Singapore's economy contracted slightly more than expected in the third quarter from a year earlier, preliminary data showed on Wednesday.

4 years ago·India

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South China Morning Post

Singapore GDP sees third straight decline, but signs point to recovery

Singapore’s export-focused economy recorded its third consecutive year-on-year decline in the third quarter, the country’s trade ministry said Wednesday, with the milder contraction in comparison with the first two quarters possibly pointing to the city state’s recovery from the economic fallout caused by the coronavirus pandemic.Even so, analysts predicted that the island nation would likely only see positive economic growth next year, warning …

4 years ago·Hong Kong

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CNBC

Singapore's economy contracted by 7% year-on-year in the third quarter, official estimates show

Analysts polled by Reuters had expected the Singapore economy to shrink by 6.8% year over year in the third quarter.

4 years ago·United States

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Channel News Asia

Singapore's third-quarter GDP shrinks at slower pace of 7% after economy gradually reopens following circuit breaker

SINGAPORE: The Singapore economy shrank at a slower place of 7 per cent in the third quarter from the same period last year, following the phased reopening of the economy after the COVID-19 "circuit breaker" period. This compares with an estimated 7.6 per cent contraction by private-sector ...

4 years ago·Singapore

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IBTimes

Singapore's Economy Shrinks At Slower Pace As Virus Curbs Eased

Singapore's coronavirus-hit economy shrank at a slower pace in the third quarter as restrictions were eased, official data showed Wednesday, but the trade-reliant city-state still faces a long road to recovery. The financial hub plunged into its first recession since the 2008 global financial crisis in the second quarter when the government closed businesses as part of drastic measures to contain infections.

4 years ago·United States

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Today

Singapore's economy shrinks 7 per cent in Q3 year-on

SINGAPORE — Singapore’s economy contracted 7 per cent compared to the same quarter a year ago, according to flash estimates from the Ministry of Trade and Industry (MTI).

4 years ago·Singapore

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