Quotes from Barclays Capital:
Singapore IP contracted 2.2% y/y in August (July: +2.5%), against expectations for a small expansion (Barclays: 3%; consensus: 1%)
We expect a technical recession in Q3 (Q3 GDP forecast: -0.5% q/q saar; Q2: -0.7%). We estimate manufacturing output will need to surge 20% m/m sa in September in order to show sequential growth in Q3 (Q2: -0.5% q/q saar).
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