Singapore economy grows 4.3% in Q2, advance estimate shows

SINGAPORE (Reuters) -Singapore’s economy grew faster than expected in the second quarter, preliminary government data showed on Monday.

Gross domestic product was up 4.3% in the April to June period on a year-on-year basis, according to advance estimates from the trade ministry. Economists polled by Reuters had expected growth of 3.5%.

On a quarter-on-quarter seasonally adjusted basis, GDP expanded 1.4% in the April to June period, advance estimates show, avoiding a technical recession after the first quarter’s revised 0.5% contraction.

(Reporting by Xinghui Kok; additional reporting by Jun Yuan Yong)