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Singapore Q3 GDP up 0.7% y/y
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SINGAPORE (Reuters) – Singapore’s economy grew faster than expected in the third quarter, preliminary government data showed on Friday.
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)
Seasonally adjusted GDP accounts for predictable seasonal fluctuations in economic activity, providing a clearer view of underlying trends in economic growth by removing seasonal effects.
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