Economy

Singapore's Q2 GDP up 0.7% as expansion remains tepid

City-state avoids technical recession amid weak external demand

20230714 Singapore marina bay skyline

Singapore has narrowly avoided a technical recession, with its economy growing 0.7% in the second quarter. © Reuters

TSUBASA SURUGA, Nikkei staff writer
July 14, 2023 09:00 JST
Updated on July 14, 2023 11:15 JST

SINGAPORE -- Singapore's economy grew 0.7% in the April-June period from the year before, preliminary data showed on Friday, expanding marginally from 0.4% growth in the previous quarter amid weak external demand.

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