Singapore Q3 GDP growth seen losing momentum, trade war dims outlook


Singapore's Hawker Centre. - Filepic

SINGAPORE: Singapore is expected to report slower third-quarter economic growth than initially thought, a Reuters poll showed, as the manufacturing sector faces strains from weaker global demand and an intensifying trade dispute between the United States and China.

The government’s finalised gross domestic product (GDP) was forecast to rise 4.2% in July-September from the quarter earlier on a seasonally adjusted and annualised basis, the poll of 11 economists showed, below the 4.7% rise seen in the advanced estimate but still much stronger that the 1.2% growth clocked in the second quarter.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , singapore

Next In Business News

AirAsia X to undergo name change to AirAsia Group from July 14
PETRONAS LNG to supply LNG to Shizuola Gas from 2032
Foreign investors snap eight-week selling streak, post RM75.3mil net inflows
Shares slip in Asia as oil jumps on Gulf attacks
Traders on Bursa Malaysia refocus on external backdrop
Ringgit opens slightly lower vs greenback amid fragile West Asia ceasefire
Oil jumps 3% after US, Iran escalate strikes in Mideast
Trading ideas: Lianson Fleet, LSH, GFM, Advancecon, Berjaya, Pan Malaysia, Evergreen Max, Talam, MMM, CelcomDigi, Capital A
Plantations set for upside on strong CPO price
Liquidity, growth likely to uplift equities

Others Also Read