Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Singapore GDP Rose 0.4% in Q2 Obviated from recession


July, 14 2017
watermark Economic news

The economy of Singapore rose for the second quarter as it narrowly missed the recession as the engineering industries remained strong with high demand for semiconductor manufacturing equipment. The economy rose to 0.4 percent in the second quarter compared to the previous quarter and based on seasonally adjusted basis according to the Ministry of Trade and Industry.

It dropped to 1.9 percent in Q1 following the first revision in the first quarter and further declined to the former assumption of a 1.3 percent contraction.  Despite the median forecast poll in Q2 declined by 1.1 percent, it is still on track to the overall forecast for the city-state progress.

The Gross Domestic Product rose 2.5 percent in the second quarter compared last year which was kept the same even after revisions and lower than the 2.8 percent growth. An economist described this as “softer than expected” since the construction has been weak and a slight easing from the manufacturing sector could offset services. At the same time, analysts are skeptical on the country’s sustained growth being electronic dependent and expansion of services may countervail any moderation.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.