Singapore Q2 GDP data is not good: -3.4% q/q (annualised)

Author: Eamonn Sheridan | Category: News

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.

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