Singapore’s economy likely escaped a technical recession in the third quarter even as growth stayed subdued, weighed down by the prolonged trade dispute between the United States and China, a Reuters poll showed. Gross domestic product (GDP) is expected to have increased 1.5% on a quarter-on-quarter, seasonally adjusted and annualised basis in July-September, according to the median forecast of 11 economists in the poll. “Third-quarter GDP is expected to stay weak and narrowly dodge a technical recession,” said Lee Ju Ye, an economist with Maybank Kim Eng. …read more
Source:: Yahoo Finance
