Singapore’s economy likely shrank more than previously estimated in the third quarter amid persistent weakness in exports and manufacturing, a Reuters poll showed.
According to the median estimate of seven economists surveyed by Reuters, detailed third-quarter gross domestic product (GDP) data on Friday will likely show Singapore’s economy shrank by an annualised 2.9% in July-September from the April-June quarter after seasonal adjustments.
That would be nearly double the 1.5% quarterly contraction reported last month when the government released advance estimates, based largely on data from the first two months of the quarter.
The trade-dependent economy likely grew 0.9% in the third quarter from a year ago, according to 13 economists who gave year-on-year estimates, slower than an advance estimate of 1.3%.
No comments:
Post a Comment