23 Nov '17, 12am

Singapore Sees Economy Growing as Much as 3.5% in 2017

Singapore raised its economic growth forecast for this year to 3 percent to 3.5 percent after third-quarter data beat projections on the back of stronger exports and manufacturing. Highlights of GDP Report Gross domestic product rose at a seasonally adjusted, annualized rate of 8.8 percent in the third quarter from the previous three months, higher than an earlier estimate of 6.3 percent Median estimate of nine economists in a Bloomberg survey was for 7.8 percent gain GDP increased 5.2 percent from year earlier, the fastest pace in more than three years, versus median estimate of 5 percent Economy seen expanding 1.5-3.5 percent next year A healing in global trade this year has helped boost export-reliant economies like Singapore’s, with manufacturing buoyed by demand for electronics goods. Growth has started to broaden out to other industries, such as services, giving econ...

Full article: https://www.bloomberg.com/news/articles/2017-11-23/singap...

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