SINGAPORE: Singapore's gross domestic product contracted in April-June for the first time in seven quarters, hit by a sharp drop in manufacturing activity that reflects tough structural and policy challenges ahead.
Singapore's GDP shrank by 0.8% in the second quarter on a seasonally adjusted and annualised basis, advance estimates from the Ministry of Trade and Industry's showed on Monday, much weaker than the median forecast of 2.5% growth seen in a Reuters survey.
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