The Trader 

Market Outlook: Singapore economy tumbles

The Trader

James Dyson may or may not have paid the asking $79 million for Singapore’s most expensive penthouse this week, to get closer to his company’s new headquarters. What we do know is that data published by the Ministry of Trade and Industry today show that not only was growth well below analysts’ expectations, but Q2 growth was the weakest in a decade. Q2 GDP grew by just 0.1 per cent, dragged down by the manufacturing sector, and well below the revised Q1 figure of 1.1 per cent. This takes the quarterly seasonally adjusted rate to minus 3.4 per cent, the biggest quarterly contraction since the 4.1 per cent fall in Q3 2012.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now