Singapore GDP shrinks at slower 7% rate in Q3 as economy set to recover

The rebound comes after the 13.2 per cent quarter-on-quarter plunge in the second quarter. - ST

SINGAPORE (The Straits Times/ANN): Singapore's economy rebounded in the third quarter from the doldrums of the circuit breaker period in the earlier three months on the back of its manufacturing sector.

The Republic's gross domestic product (GDP) rose by 7.9 per cent on a quarter-on-quarter seasonally adjusted basis in the July to September period, according to the Ministry of Trade and Industry's advanced estimates released on Wednesday (Oct 14).