Singapore upgrades 3Q GDP, dodges recession

Singapore, like other trade-reliant Asian economies, has been hit hard by the escalating U.S.-China trade war and a broader global slowdown, cutting full-year growth forecasts twice this year.

SINGAPORE: Singapore's economy grew faster than initially estimated in the third quarter, official data showed on Thursday, confirming the bellwether Asian economy comfortably escaped a recession helped by an improving manufacturing sector.

The government also narrowed its official growth forecast for 2019 to 0.5% to 1.0% to the upper half of its previous 0.0% to 1.0% projection range.