Singapore GDP Grows Faster than Expected Even as New Risks Loom

Singapore’s economy fared better than expected in the third quarter, in signs that the city-state’s recovery is gaining more traction.

Gross domestic product in the three months through September grew 1% from the previous quarter, the Ministry of Trade and Industry said in its advance estimate Friday. That compares with a 0.6% expansion in a Bloomberg survey and a gain of 0.1% in the April-June period.