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Home News Singapore Q3 GDP up 0.7% y/y

Singapore Q3 GDP up 0.7% y/y

by Uma Rajagopal
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2023 10 13T001321Z 3 LYNXMPEJ9C000 RTROPTP 4 SINGAPORE ECONOMY GDP

SINGAPORE (Reuters) – Singapore’s economy grew faster than expected in the third quarter, preliminary government data showed on Friday.

Gross domestic product (GDP) was up 0.7% in the July to September period on a year-on-year basis, according to advance estimates from the trade ministry. Economists polled by Reuters had expected growth of 0.4%.

On a quarter-on-quarter seasonally adjusted basis, GDP expanded 1% in the July to September period.

 

(Reporting by Xinghui Kok; Editing by Kanupriya Kapoor, Sam Holmes, Martin Petty)

 

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Uma Rajagopal

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.