Singapore's economy extended by 0.6% in 2Q16 from a year prior, in light of propel gauges by the Ministry of Trade and Industry (MTI), facilitating altogether from the 2% development enrolled in the past quarter.
The most recent year-on-year figure is additionally eminently lower than the 1-2% as anticipated by MTI and Deputy Prime Minister (DPM) Tharman Shanmugaratnam a month ago. On a quarter-on-quarter regularly balanced yearly premise, Singapore's economy turned around from the 0.2% development in the first quarter to shrink by 4.1% in 3Q.
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