Singapore's gross domestic product contracted a seasonally adjusted 1.1 percent in the second quarter of 2012 compared to the previous three months, the Ministry of Trade and Industry said on Friday in an advanced reading.
That missed forecasts for an increase of 0.3 percent following the 10.0 percent surge in first quarter.
On a yearly basis, GDP was up 1.9 percent - also shy of estimates for an increase of 2.4 percent, but accelerating from the 1.6 percent gain three months earlier.
by RTT Staff Writer
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