Singapore economy powers to 9.4pc Q3 growth

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SINGAPORE, Oct 10 (AFP): Singapore's economy powered to 9.4 per cent growth in the third quarter, within market forecasts, putting it on track to meet the government's full-year targets, the trade ministry said today.
Gross domestic product grew 9.4 per cent compared with the same period a year earlier, the ministry said.
That followed a revised 8.7 per cent expansion in GDP during the second quarter, it said.
Economists were expecting third-quarter growth of between nine and 10 per cent.
On a quarter-on-quarter seasonally adjusted annualised basis, real GDP growth slowed to 6.4 per cent from 14.4 per cent in the second quarter, the trade ministry said.