Tag: GDP
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South Korea GDP grows at fastest pace in over a year
South Korea posts faster-than-expected third-quarter GDP growth South Korea’s economy expanded at the fastest pace in more than a year in the third quarter, with advance data from the Bank of Korea showing a 1.7% year-on-year rise. That outpaced the 1.5% growth economists expected and beat the prior quarter’s 0.6% expansion, underscoring a robust recovery…
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Singapore Signals Slower 2026 Growth After Strong Q3 GDP Beat
Singapore Posts Strong Q3 GDP Beat as Growth Prospects Dim for 2026 Singapore’s economy surprised analysts in the third quarter with a higher-than-expected GDP reading, even as the central bank signaled a slower pace of growth ahead. The Ministry of Trade and Industry (MTI) reported a 2.9% year-on-year expansion for the April-to-June quarter (three months…
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Singapore’s 3Q2025 Economic Growth: MTI Signals Modest Expansion at 2.9%
Singapore’s Q3 2025 GDP: Modest growth amid sectoral shifts Singapore’s economy expanded by 2.9% year on year in the third quarter of 2025, according to advance estimates released by the Ministry of Trade and Industry (MTI) on October 14. While the growth figure marks a continuation of positive momentum, it also shows a slowdown from…
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Singapore Q3 GDP Beats; 2026 Growth Expected to Slow Down
Singapore Q3 GDP Beats Expectations as Growth Slows to a More Moderate Pace Singapore’s economy defied expectations in the third quarter, expanding 2.9% year-on-year, according to the Ministry of Trade and Industry (MTI). The result topped economists’ forecasts of about 1.9% growth and followed a revised 4.5% expansion in the April-June period. On a seasonally…
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Singapore GDP growth 2026: Q3 beat but outlook slows
Singapore’s Q3 GDP beats expectations as growth slows into 2026 Singapore surprised analysts in the latest quarterly release, with the economy growing more than expected in the third quarter. The official data showed GDP rising 2.9% year-on-year for the quarter ended September, topping economists’ projected 1.9% growth and signaling resilience amid a backdrop of cooling…
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Singapore’s Digital Economy Surges to $128.1 Billion in 2024, Driving GDP Growth and Tech Jobs
Singapore’s Digital Economy Expands to $128.1 Billion in 2024 Singapore’s digital economy reached a new milestone in 2024, growing to $128.1 billion and accounting for 18.6% of the nation’s Gross Domestic Product (GDP). The update, released by the Infocomm Media Development Authority (IMDA), highlights a resilient and expanding tech ecosystem that underpins Singapore’s transformation into…
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Singapore’s Digital Economy Grows by $12B in 2024, Reaching 18.6% of GDP
Singapore’s digital economy hits a new milestone in 2024 Singapore’s digital economy surged to 128.1 billion, a record high that represents 18.6% of the nation’s GDP in 2024. According to the latest Singapore Digital Economy Report released by the Infocomm Media Development Authority (IMDA), the sector grew by 12 billion year over year, underscoring the…
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Russia’s Economic Downturn: The Impacts of War on GDP
Understanding Russia’s Economic Situation The Central Bank of Russia recently announced significant contractions in the country’s GDP, signaling a downturn that many attribute to the impacts of the ongoing war economy. This economic squeeze is further highlighted by the bank’s recent decisions to lower interest rates, which have now reached 17%. This cut is notable…
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Russia’s War Economy Faces Recession Amid GDP Decline
Russia’s Central Bank Reports GDP Shrinkage In a troubling development, Russia’s central bank has announced a significant shrinkage in the nation’s GDP. This decline is viewed as a stark indicator of the adverse effects of ongoing military engagements, particularly the war in Ukraine, on Russia’s economy. As the central bank grapples with the consequences of…
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Russia’s Central Bank Reports GDP Contraction Amid War Economy
Understanding Russia’s Economic Strain Russia’s central bank has recently revealed troubling news regarding the nation’s Gross Domestic Product (GDP), indicating that it is experiencing a contraction. This development raises significant concerns about the sustainability of Russia’s war economy, particularly as the country continues to grapple with the ongoing conflict. The central bank’s latest decision to…