The economy increased 1.1% in the third quarter from a year ago, compared with an earlier estimate of 0.7% gain and 0.5% growth in the April-June period, according to the trade ministry.
Singapore’s economy fared better than initially thought in the third quarter as the government forecasts that growth may quicken next year, adding to signs that recovery is well on track and that a recession is unlikely.
Gross domestic product in the three months through September grew 1.4% from the previous quarter, the Ministry of Trade and Industry said in its final estimate Wednesday. That compares with a preliminary reading of a 1% expansion and a 0.1% gain in the second quarter.
