Singapore economy expands at slower pace of 3.8% in Q2; below

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SINGAPORE - Singapore's economy expanded 3.8 per cent year-on-year in the second quarter of 2018, lower than economist expectations of 4.1 per cent growth, according to Ministry of Trade and Industry (MTI) advance estimates out on Friday (July 13). This was also down from the 4.3 per cent expansion in the first three months of the year. Manufacturing growth remained the key driver, but slowed to 8.6 per cent, down from 9.7 per cent in the previous quarter. All clusters in the sector expanded in ...
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