Please use symbol entry at top right of page to search

Singapore Q2 GDP grows 4.4% y/y, slower than first estimated

SINGAPORE, Aug 11 (Reuters) - Singapore's economy expanded less than initially estimated in the second quarter, official data showed on Thursday.

Gross domestic product (GDP) grew 4.4% year-on-year in the second quarter, the Ministry of Trade and Industry (MTI) said, lower than the 4.8% growth seen in the government's advance estimate.

On a quarter-on-quarter seasonally adjusted basis, the economy contracted 0.2%, compared with the government's advance 0% estimate and the 0.8% growth in the first quarter.

The MTI said it would narrow its 2022 GDP growth forecast to "3% to 4%" from "3% to 5%, adding the external demand outlook for the economy has weakened compared with three months ago. (Reporting by Chen Lin in Singapore; Editing by Sam Holmes)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Search News

Filter Results

Publication Date
Topic
Provider
  • All

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.