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Singapore Q3 GDP expands 6.5% y/y, largely matching forecasts - Metro US

Singapore Q3 GDP expands 6.5% y/y, largely matching forecasts

FILE PHOTO: An aerial view shows commercial and residential buildings in central Singapore

SINGAPORE (Reuters) – Singapore’s economy grew 6.5% in the third quarter, preliminary official data showed on Thursday, broadly in line with economists’ forecast.

Economists polled by Reuters had expected an expansion of 6.6% year-on-year for the third quarter.

Gross domestic product had jumped 15.2% year-on-year in the second quarter, due to a coronavirus-induced low base in the same quarter last year.

(Reporting by Chen Lin in Singapore; Editing by Sam Holmes)

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