ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Singapore growth dips to lowest in 10 years

Second quarter GDP barely rises at 0.1% amid trade war

The Singapore government said last month it was reviewing this year’s growth projection of 1.5% to 2.5% to reflect downside risks.   © Reuters

SINGAPORE -- Singapore's economy grew 0.1% in the April-June quarter from a year ago, marking the lowest rate in 10 years as U.S.-China trade tensions hit electronic and other manufacturers, according to preliminary data released Friday by the government.

The latest real gross domestic product growth rate was lower than the 1.1% expansion in the January-March period, and the lowest since the April-June quarter in 2009 (minus 1.2%) when the world was hit by the financial crisis.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more