Singapore Q2 GDP data is not good: -3.4% q/q (annualised)
Singapore data, not even close to estimates.
economy shrank in the second quarter
- fell 3.4% from the previous quarter on an annualised and seasonally adjusted basis
- forecast was 0.1% (Reuters poll)
+ 0.1% y/y
- + 1.1% forecast
I know whining about the negative impact of trade wars is getting old … but this data is ugly.