Singapore's economic contraction slows in 3rd quarter

The contraction of Singapore’s economy slowed in the July-September period, falling 7.0 percent year on year following a record 13.3 percent decline during the previous three months, according to official advance estimates released Wednesday.”The improved performance of the Singapore economy in the third quarter came on the back of the phased re-opening of the economy” in early June after a semi-lockdown that was imposed in early April to curb the spread of the coronavirus, the Ministry of Trade and Industry said in a statement.Services industries declined 8 percent. Aviation- and tourism-rela…

Read More

HEDGE accordingly