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Singapore Q2 final GDP seen to have contracted 4.6pc
Labourers take a break at the end of the work day against the backdrop of the financial district of Singapore. The island republics GDP is likely to have contracted in the second quarter. u00e2u20acu201d Reuters pic

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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