Singapore growth beats forecasts as global trade improves


Singapore's trade ministry says the economy expanded 5.2% on-year in July-September, accelerating from 2.9% in the previous three months and the fastest rate since the fourth quarter of 2013. – EPA pic, November 23, 2017.

SINGAPORE’S economy beat expectations to grow at its fastest pace in nearly four years during the third quarter, data showed today, boosted by a surge in global demand that has buoyed Asia in the face of brewing protectionist fears.

The forecast-beating performance for the island-state follows similarly strong readings from the Philippines, Malaysia, Thailand, South Korea and Taiwan, all of which have benefited from a pick-up in world trade.


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