SINGAPORE (AP) — Singapore says its economy shrank in the second quarter as weakening global economic growth hurt demand for the city-state's exports.
The Trade and Industry Ministry said Friday that gross domestic product contracted at a seasonally adjusted, annualized rate of 0.7 percent in the April to June period from the previous quarter, when it expanded 9.5 percent. Full story
Related:
Singapore Revised 2Q GDP Down 0.7% Adjusted On Quarter, Annualized - Nasdaq
Singapore GDP Falls Less Than Earlier Estimated on Manufacturing - BusinessWeek
