Singapore Q2 GDP +0.3% q/q (vs. 0.3% expected) (preliminary data)

<p>The Advance, or preliminary, reading for economic growth in Singapore for the April to June quarter of 2023</p><p>+0.3% q/q</p><ul><li>expected 0.3%, prior -1.6%</li></ul><p>+0.7% y/y</p><ul><li>expected 0.6%, prior 0.4%</li></ul><p>The +0.3% q/q has meant Singapore does not drop into recession (2 consecutive quarters of negative q/q GDP). </p><p>Singapore's government projects GDP growth of 0.5% to 2.5% for this
year.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.