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Singapore expected to dodge technical recession in 3Q even as economy stalls

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
Singapore expected to dodge technical recession in 3Q even as economy stalls
SINGAPORE (Oct 3): Amid a stagnating economy and low core inflation, the Monetary Authority of Singapore (MAS) is widely expected later this month to ease its monetary policy stance for the first time since April 2016.
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SINGAPORE (Oct 3): Amid a stagnating economy and low core inflation, the Monetary Authority of Singapore (MAS) is widely expected later this month to ease its monetary policy stance for the first time since April 2016.

But analysts at Maybank Kim Eng Research believe Singapore could have narrowly dodged a technical recession in 3Q.

“Third quarter GDP growth likely came in at a weak +0.2%, barely improving from +0.1% in 2Q,” says lead analyst Chua Hak Bin in a note on Wednesday.

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