3Q2020 GDP

Decline in Singapore's economy comes in better than expected at -5.8% in 3Q2020 - THE EDGE SINGAPORE

Singapore economy

Decline in Singapore's economy comes in better than expected at -5.8% in 3Q2020

Singapore’s Ministry of Trade and Industry (MTI) has revised its growth forecast for the year to -6.5% and -6%, from its previous estimate of a -7% to -5% range.

September cheer for manufacturers but MAS warns of slow, uneven recovery - THE EDGE SINGAPORE

Singapore economy

September cheer for manufacturers but MAS warns of slow, uneven recovery

Singapore’s manufacturing sector did much better than expected in September, giving economists a reason to dial back gloomy GDP projections for the year.

Rebound in Singapore's economy likely to take longer than previous recessions: MAS - THE EDGE SINGAPORE

Singapore economy

Rebound in Singapore's economy likely to take longer than previous recessions: MAS

Singapore’s economy is still reeling from the blow of the Covid-19 pandemic and the resultant restrictions imposed to curb the spread of infections.

Singapore economy

3Q likely start of recovery for Singapore's economy

Following the historic y-o-y plunge of 13.3% in 2Q2020, Singapore’s economy moderated to shrink by 7% y-o-y in the third-quarter, according to official advance estimates.

Singapore's GDP remains in the red with 7% slump in 3Q2020: MTI - THE EDGE SINGAPORE

Singapore economy

Singapore's GDP remains in the red with 7% slump in 3Q2020: MTI

Singapore’s Gross Domestic Product (GDP) slumped 7% year-on-year in 3Q2020 ended September, according to advance estimates penciled by the Ministry of Trade and Industry (MTI) on Oct 14.

Singapore economy

Persistent uncertainty dials back expectations of strong 3Q rebound

Businesses that are trying to quickly put behind the unprecedented economic contraction earlier this year in hopes of a quick 3Q rebound might have to dial back their expectations.

Singapore economy

Persistent uncertainty dials back expectations of strong 3Q rebound

Businesses that are trying to quickly put behind the unprecedented economic contraction earlier this year in hopes of a quick 3Q rebound might have to dial back their expectations.

Government measures to prevent economy from contracting by 5.6%, but Singapore still expected to face a full year recession - THE EDGE SINGAPORE

Singapore economy

Government measures to prevent economy from contracting by 5.6%, but Singapore still expected to face a full year recession

The close to $100 billion in relief measures disbursed has prevented Singapore’s economy from a further 5.6% in 2020 and 4.8% in 2021, says the Monetary Authority of Singapore (MAS).

Gloomy prospects for Singapore's 3Q2020 GDP, despite improvements in manufacturing activity and retail sales: CGS-CIMB - THE EDGE SINGAPORE

Singapore economy

Gloomy prospects for Singapore's 3Q2020 GDP, despite improvements in manufacturing activity and retail sales: CGS-CIMB

Singapore’s GDP is slated to contract between 4.5% and 5.5% year-on-year in the ongoing 3Q2020 which ends on September 30, CGS-CIMB Securities estimates.

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