FB

Meta Platforms, Inc.

196.64
USD
0.51%
196.64
USD
0.51%
169.00 384.33
52 weeks
52 weeks

Mkt Cap 465.31B

Shares Out 2.37B

Chat
Send me real-time posts from this site at my email

Singapore Q2 GDP grows 4.4% y/y, slower than first estimated

SINGAPORE, Aug 11 (Reuters) - Singapore's economy expanded less than initially estimated in the second quarter, official data showed on Thursday. Gross domestic product (GDP) grew 4.4% year-on-year in the second quarter, the Ministry of Trade and Industry (MTI) said, lower than the 4.8% growth seen in the government's advance estimate. On a quarter-on-quarter seasonally adjusted basis, the economy contracted 0.2%, compared with the government's advance 0% estimate and the 0.8% growth in the first quarter. The MTI said it would narrow its 2022 GDP growth forecast to "3% to 4%" from "3% to 5%, adding the external demand outlook for the economy has weakened compared with three months ago. (Reporting by Chen Lin in Singapore; Editing by Sam Holmes) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue