The Kampong Glam area of Singapore. The country’s economy could be showing signs of life, with third-quarter GDP increasing slightly from the second quarter. Photo: Bloomberg The Kampong Glam area of Singapore. The country’s economy could be showing signs of life, with third-quarter GDP increasing slightly from the second quarter. Photo: Bloomberg
The Kampong Glam area of Singapore. The country’s economy could be showing signs of life, with third-quarter GDP increasing slightly from the second quarter. Photo: Bloomberg

Singapore sees third straight quarterly GDP contraction, but signs point to recovery

  • Singapore’s economy contracted 7.0 per cent year on year in the third quarter, but grew 7.9 per cent on a quarterly, seasonally adjusted basis
  • Analysts predict the city state is only likely to see positive economic growth next year, due to the coronavirus pandemic

Topic |   Singapore
The Kampong Glam area of Singapore. The country’s economy could be showing signs of life, with third-quarter GDP increasing slightly from the second quarter. Photo: Bloomberg The Kampong Glam area of Singapore. The country’s economy could be showing signs of life, with third-quarter GDP increasing slightly from the second quarter. Photo: Bloomberg
The Kampong Glam area of Singapore. The country’s economy could be showing signs of life, with third-quarter GDP increasing slightly from the second quarter. Photo: Bloomberg
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