Singapore’s GDP contraction worst in 40 years

<p> <a href="https://admiralmarkets.com/analytics/traders-blog/singapore-gdp-contraction"><img data-resize="auto" data-resize="auto" data-resize="auto" style="width:auto;" data-src="https://fxmedia.s3.amazonaws.com/articles/remote/35de54a54908701a9a421351d0040fda.jpeg" rel="" alt="Singapore's GDP contraction worst in 40 years"></a> </p><p> Singapore has sounded the alarm bell as its economy posts its worst quarterly contraction in more than 40 years. The Southeast Asian economy was expected to contract 41.2% but instead posted a contraction of 42.9%, according to the Ministry of Trade and Industry. </p><p> Did you know you can speculate on the price of the Singapore Free 25 Index and the Singapore Dollar using Contracts for Difference (CFDs)? This allows you to potentially profit from both rising and falling markets. Get started with a <a href="https://admiralmarkets.com/start-trading/forex-demo">free demo trading account</a> today! </p><p> The fall in the gross domestic product was due to the partial lockdown over the coronavirus pandemic period. During the April to June quarter, most workplaces and schools had temporarily closed. </p><p> Singapore has reported more than 55,200 confirmed coronavirus infections and 27 deaths. Of these infections, 94% were from migrant workers living in dormitories. The management of the coronavirus from Singapore authorities has been one of the best in the world. </p><p> However, that hasn't stopped the country's economy to also post an economic contraction of 13.2% in the second quarter of the year which was worst than the estimate of a 12.6% contraction. </p><h2>How to trade the Singapore Free 25 Index with Admiral Markets UK Ltd</h2><p> If you are feeling bullish or bearish on the price of the Singapore Free 25 Index you can speculate on its price direction using Futures CFDs. To get started, follow these five simple steps: </p><ol> <li>Log in to your existing Admiral Markets trading account, or open a <a href="https://admiralmarkets.com/signup">live</a> or <a href="https://admiralmarkets.com/start-trading/forex-demo">demo trading account</a> in just a few minutes. </li> <li>Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform. </li> <li>Type in Singapore 25 at the bottom of the Market Watch search box and then drag the symbol onto the chart. </li> <li>Use the one-click trading feature on the chart or right-click on select Trading -&gt; New Order. </li> <li>Choose your entry, stop loss and target levels and position size (volume) and then confirm the trade.</li> </ol><p> <img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/remote/77db033c2cea79bc691c333e4b57d49b.png" rel="" alt="Singapore 25 daily chart" /> </p><p> <em>Source: Admiral Markets MetaTrader 5 Web, _Singapore25_Q0, Daily - Data range: 29 November 2019 to 11 August 2020. Please note: Past performance is not a reliable indicator of future results. Last five-year performance: 2019 = +8.72%, 2018 = -11.96%, 2017 = +21.36%, 2016 = -1.17%, 2015 = -15.20%, 2014 = +4.49%. </em> </p><p> Did you know that you can open a free demo trading account so you can test your trade ideas and theories regarding the price direction of thousands of different CFDs covering stocks, indices, commodities and currencies in a virtual trading environment? Open your free account today by clicking on the banner below: </p><p><a href="https://admiralmarkets.com/start-trading/forex-demo"><img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/Demo_Account_CTA-17.png" alt="Trade With A FREE Demo Trading Account" rel="" /></a> <br> </p><p><em><strong data-redactor-tag="strong">INFORMATION ABOUT ANALYTICAL MATERIALS</strong>:</em></p><p><em>The given data provides additional information regarding all analysis, estimates, prognosis, forecasts, market reviews, weekly outlooks or other similar assessments or information (hereinafter "Analysis") published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:</em></p><p><em>1.This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. 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