Singapore narrowly avoids technical recession

Trade-dependent Singapore narrowly avoided a technical recession in the third quarter, boosted by growth in services and a smaller contraction in manufacturing, government data showed Wednesday. The outlook remained subdued, however, as an economic slump in key market China is hurting demand for exports from its Asian neighbours. Singapore's gross domestic product (GDP) expanded 1.4 percent year-on-year in the three months to September, slowing from 2.0 percent growth in the June quarter, advanc