Singapore's Q3 GDP likely to show persistent weakness- Reuters poll
SINGAPORE - Singapore's economic growth in the third quarter is expected to remain sluggish as the central bank seeks to balance the task of containing inflation and shoring up the slowing post-pandemic recovery.
Finance minister Lawrence Wong said last month the government does not expect a recession but economic growth has been sluggish. He said while the manufacturing slump could narrow amid more upbeat business expectations, that was"outweighed by easing services growth on the back of fading reopening tailwinds".
The Monetary Authority of Singapore left policy settings unchanged at its last review in April, having tightened five times in a row.
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