Singapore`s economy grew much faster than initially estimated in the third quarter, and blew past analysts` expectations, buoyed by strength in manufacturing activity.
The economy grew 8.8 percent in July-September from the previous quarter on an annualised and seasonally adjusted basis, the Ministry of Trade and Industry (MTI) said in a statement on Thursday.
The government`s initial estimate, released on Oct. 13, had shown that the economy grew 6.
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