That would mean the city state will narrowly avoid a technical recession, commonly defined as two consecutive quarters of contraction.
SINGAPORE (Sept 10): It may not be all doom and gloom for Singapore’s economy.
Recent data and anecdotal evidence suggest gross domestic product will probably grow in the third quarter after shrinking in the previous three months, according to economists including Chua Hak Bin at Maybank Kim Eng Research and Barnabas Gan at United Overseas Bank.
