SINGAPORE (Nov 22): Singapore's economy grew at a slower pace than initially thought in the third quarter, data showed on Thursday, with the trade ministry flagging growth will likely moderate further in the current quarter and next year in part due to the US-Sino trade war.

The economy grew 3.0% in the July-September quarter from the previous three months on an annualised and seasonally adjusted basis, revised final figures from Ministry of Trade and
Industry (MTI) showed. The government's initial estimate, released on October 12, had showed the economy grew 4.7%.

Gross domestic product grew 2.2% in the third quarter from the year earlier, slower than the advance estimate of 2.6% growth.

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