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Singapore economy grew 2.4% in Q2 amid slowdown in all sectors

Published on Aug 12, 2014 8:00 AM
 
The economy expanded 2.4 per cent in the three months to June compared with the same period last year, the Ministry of Trade and Industry said on Tuesday. -- PHOTO: ST FILE

SINGAPORE - A broad slowdown across sectors dragged down second-quarter economic growth.

The economy expanded 2.4 per cent in the three months to June compared with the same period last year, the Ministry of Trade and Industry said on Tuesday.

This is slightly higher than the initial estimate of 2.1 per cent growth released last month, but down from 4.8 per cent growth in the first three months of the year.

The manufacturing sector grew 1.5 per cent in the second quarter over last year, a "sharp slowdown" from 9.9 per cent expansion in the preceding quarter, the ministry said.

 
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