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ST Explains: What is a technical recession, and how does it differ from a full-blown one?
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Some analysts believe Singapore may already be in a technical recession.
PHOTO: ST FILE
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SINGAPORE - A technical recession is commonly defined as two consecutive quarters of negative growth in a country's gross domestic product (GDP).
Some analysts believe Singapore may already be in a technical recession as their estimates suggest growth contracted in the third quarter on a seasonally adjusted basis from the second quarter, when it shrank by 0.2 per cent.
