The Advance, or preliminary, reading for economic growth in Singapore for the April to June quarter of 2023

+0.3% q/q

  • expected 0.3%, prior -1.6%

+0.7% y/y

  • expected 0.6%, prior 0.4%

The +0.3% q/q has meant Singapore does not drop into recession (2 consecutive quarters of negative q/q GDP).

Singapore's government projects GDP growth of 0.5% to 2.5% for this year.