Numbers Oddity in S'pore

Flash quarterly GDP statistics are a misleading waste of time that only benefit financial market trading volumes. That conclusion might easily be reached by reference to Singapore’s flash official data – not to mention China’s. This is not to suggest that the Singapore figures are deliberately distorted or that annual data based on full data collection are significantly inaccurate. But the wild swings in Singapore’ quarterly numbers are at odds with common sense views of what is happening in the real economy.

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