Singapore avoided a technical recession, with quarterly GDP growth coming in a 1.5% on a seasonally adjusted basis, after a contraction in the previous quarter.
GDP came in at 4.4% for the third quarter, much higher than 3.4% predicted by analysts in a Reuters poll, and in line with growth in the second quarter.
Meanwhile, the Monetary Authority of Singapore tightened policy in a widely expected move as inflation pressures weigh on the economy.
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