ST Explains: What is a technical recession, and how does it differ from a full-blown one?

Some analysts believe Singapore may already be in a technical recession. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.