Singapore's third-quarter GDP growth slows but exceeds forecasts
The city-state's economy expanded faster than economists predicted, though growth moderated from recent highs.
At a glance
- Third-quarter GDP growth beat economist forecasts of 5%
- Growth moderated from a four-year high in a previous quarter
- The result exceeded expectations from a Reuters poll of analysts
Singapore's gross domestic product growth in the third quarter exceeded analyst expectations, according to CNBC. Economists polled by Reuters had forecast expansion of 5%, but the actual figure came in higher.
The growth rate represented a slowdown from a four-year high recorded in an earlier period, though it still surpassed market predictions.
Why it matters
Singapore's economic performance is closely watched as a barometer for regional growth and trade activity in Southeast Asia.
Original reporting
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