Singapore’s economy contracted in Q2, global growth concerns

Singapore’s economy contracted in Q2, global growth concerns

Singapore’s economy contracted in Q2, global growth concerns Second quarter GDP figures for Singapore show a contraction for the city-state of 4.0 per cent, although it has beaten official estimates of 4.6 per cent decline. The government’s forecast for the whole of 2015 has been revised downwards to between 2 and 2.5 per cent, from the 2 to 4 per cent range previously forecast.