Singapore has reported lower-than-expected GDP growth figures of 4.7% for Q3 2018 over the previous quarter , well below a median estimate by analysts of 3% and the government's own initial forecast of 4.7% in October . The results were attributed to poor performance in the manufacturing sector, which grew by 3.5% , down from 10.7% October , as the city-state began to feel the impact of the ongoing trade war between the China and Singapore . Singapore’s economy expanded at a much slower pace than initially thought in the third quarter, with the government flagging further moderation in the current quarter and warning that the U.S.-Sino trade war will hurt growth in 2019. Singapore warned that trade tensions will continue to affect its economic performance into 2019 as demand for its exports continues to weaken.
Singapore has reported lower-than-expected GDP growth figures of 4.7% for Q3 2018 over the previous quarter , well below a median estimate by analysts of 3% and the government's own initial forecast of 4.7% in October . The results were attributed to poor performance in the manufacturing sector, which grew by 3.5% , down from 10.7% October , as the city-state began to feel the impact of the ongoing trade war between the China and Singapore . Singapore warned that trade tensions will continue to affect its economic performance into 2019 as demand for its exports continues to weaken.