Singapore economy powers to 9.4pc Q3 growth
Thursday, 11 October 2007
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.
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.