On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 2.0 per cent, a reversal from the 0.1 per cent growth in the second quarter.
SINGAPORE: Singapore's economy grew by 1.1 per cent on a year-on-year basis in the third quarter, slower than the 2.0 per cent growth of the preceding quarter, the Ministry of Trade and Industry (MTI) said Thursday.
On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 2.0 per cent, a reversal from the 0.1 per cent growth in the second quarter.
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