The Advance, or preliminary, reading for economic growth in Singapore for the April to June quarter of 2023
+0.3% q/q
- expected 0.3%, prior -1.6%
+0.7% y/y
- expected 0.6%, prior 0.4%
The +0.3% q/q has meant Singapore does not drop into recession (2 consecutive quarters of negative q/q GDP).
Singapore’s government projects GDP growth of 0.5% to 2.5% for this
year.
This article was originally published by Forexlive.com. Read the original article here.