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Singapore Q2 GDP grows 0.1% q/q, lower than first estimated

SINGAPORE (Reuters) -Singapore slightly cut its economic outlook for 2023 on Friday after it narrowly averted a recession in the second quarter, with weak global demand a key drag on its trade-reliant economy. Industrial output and exports have fallen for nine straight months, raising the risk of a prolonged downturn, but a trade ministry official told a press conference a technical recession - two consecutive quarters of contraction - was not expected this year. On an annual basis, the econom...
Chen Lin Kanupriya Kapoor Gdp Growth Economic Outlook
Source: yahoo.com

Singapore PM Lee: inflation is still a problem

SINGAPORE (Reuters) -Singapore Prime Minister Lee Hsien Loong on Tuesday sought to reassure the public after a spate of political scandals rocked his ruling party in recent months and amid continuing worries over inflation in the city-state. In remarks made on the eve of Singapore's national day, Lee said his government would maintain "high standards of honesty, integrity, and propriety" after the anti-graft agency launched a rare investigation into a cabinet minister, and two la...
Kanupriya Kapoor Chen Lin Ravi Menon Monetary Authority Of Singapore Prime Minister Lee Hsien Loong Lee Hsien Loong
Source: yahoo.com

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