Singapore's economy shrank by 1.5 percent in the third quarter of the year. But the city-state avoided a technical recession after growth in the previous three months was adjusted upwards.
The Ministry of Trade and Industry said Singapore was still on track to achieve annual growth of at least 1.5 percent this year.
It said economic growth in the second quarter was better than expected, resulting in an upward revision of the annualised growth rate from a preliminary -0.7 percent to 0.2 percent. Full story
