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14 October 2016. Based on advance estimates , the Singapore economy grew by 0.6 per cent on a year-on-year basis in the third quarter of 2016, easing from the 2.0 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 4.1 per cent, a reversal from the 0.2 per cent growth in the preceding quarter.
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