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

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

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
READ FULL ARTICLE