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.

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