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? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
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