Singapore economy grows 0.7% in Q3, faster than expected

Gross domestic product for the July-September period grew 0.7 per cent year on year. - ST FILE

SINGAPORE (The Straits Times/Asia News Network): Singapore’s economy grew at a faster than expected pace in the third quarter of 2023 on the back of a continued recovery in visitor arrivals, even as manufacturing remained weak.

Gross domestic product (GDP) for the July-September period grew 0.7 per cent year on year, according to advance estimates from the Ministry of Trade and Industry on Friday (Oct 13).