Economics
Singapore Posts Slowest Annual Growth of the Decade
- GDP rises annualized 0.1% in fourth quarter, below estimates
- Manufacturing contracts, services and construction gain in 4Q
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Singapore’s economic growth slumped in the final months of 2019 as trade-reliant sectors struggled to gain traction despite an easing of U.S.-China tensions.
Gross domestic product rose an annualized 0.1% in the three months through December from the third quarter, according to an advance estimate released Thursday by the Ministry of Trade and Industry. The median forecast in a Bloomberg survey of economists called for 0.4% expansion.