The latest Ministry of Trade and Industry flash estimate showed Singapore's economy grew 0.1 per cent year on year in the second quarter, and shrank by 3.4 per cent on a quarter-on-quarter basis, prompting economists to warn of a heightened possibility of a technical recession.
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The latest Ministry of Trade and Industry flash estimate showed Singapore's economy grew 0.1 per cent year on year in the second quarter, and shrank by 3.4 per cent on a quarter-on-quarter basis, prompting economists to warn of a heightened possibility of a technical recession.