​Singapore’s GDP Growth Moderated in the Second Quarter of 2015

14 July 2015. Based on advance estimates, the Singapore economy grew by 1.7 per cent on a year-on-year basis in the second quarter of 2015, lower than the 2.8 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 4.6 per cent, a reversal from the 4.2 per cent expansion in the preceding quarter.

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