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Singapore GDP decline slows to 7% in Q3 after reopenings

Monetary authority stands pat and signals accommodative policy for 'some time'

Singapore's economy is stirring back to life as the city-state's coronavirus situation stabilizes.   © Reuters

SINGAPORE -- Singapore's economy shrank 7% on the year in the July-September period, the government's preliminary data showed on Wednesday, marking a third consecutive quarter of contraction due to the coronavirus pandemic.

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