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Thought July 12, 2019 / 12:30 am UTC

Singapore: Advance Estimates Show Growth Plummeting

By Jeff Ng
GDP growth slowed significantly in Q2. Headline GDP print was only 0.1% y/y from 1.1% a quarter ago. The economy contracted compared to a quarter ago. The result increases the likelihood of the Monetary Authority of Singapore (MAS) easing its policy stance on the SGD NEER before end-2019.