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Singapore's Economy Grows More Than Expected in Q3

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Singapore's economy grew 1.1% in the third quarter, driven by construction and services. Full-year forecast narrowed due to subdued export demand. US economy performed better, but inflation-fighting interest rate hikes expected to impact it.

Singapore 's economy grew more than expected in the third quarter, driven by the construction industry and services sector. Officials narrowed their full-year forecast due to subdued demand for exports in key markets.

The US economy performed better, but inflation-fighting interest rate hikes are expected to weigh on it for the rest of the year.

Singapore Economy Growth Construction Services Exports Demand US China Forecast Inflation Interest Rates

 

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