23 Nov '17, 1am

Singapore’s economy hits the fastest pace in 3+ years in the 3rd quarter https://t.co/HDKjMEB9Tq

Singapore raised its economic growth forecast for this year and sees global growth underpinning that momentum into 2018, with some moderation. Highlights of GDP Report Gross domestic product rose 5.2 percent from a year earlier, the fastest pace in more than three years, versus a median estimate of 5 percent Compared to the previous quarter, GDP rose a seasonally adjusted and annualized 8.8 percent, higher than an earlier estimate of 6.3 percent Growth forecast range for 2017 raised to 3-3.5 percent from 2-3 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 economists and the government reason to upgrade their full-year projections. P...

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

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