SINGAPORE, Aug 7 — Singapore's final second-quarter gross domestic product likely contracted 4.6 per cent from the previous quarter on an annualised basis, in line with the government's earlier estimate, a Reuters poll showed.
The median forecast in a Reuters survey of 11 economists also showed that GDP probably expanded 1.5 per cent in the April-June quarter from a year earlier, less than the 1.7 per cent in the advance estimate.
Expectations for a slight downward revision to second-quarter GDP growth had grown after data last month showed that industrial production in June shrank 4.4 percent from a year ago, driven by a slide in marine and offshore engineering output and weakness in electronics and pharmaceuticals production. — Reuters
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