Singapore Sees Steady 2021 Rebound as More Stimulus Expected
Bloomberg 2/15/2021 Michelle Jamrisko
(Bloomberg) Singapore reaffirmed its forecast for a rebound in economic growth this year after its worst annual contraction since independence, signaling the recovery is on track while more stimulus expected in this week’s annual budget presentation will provide further support.
The Ministry of Trade & Industry on Monday maintained its projection for growth in a range of 4% to 6% for 2021, seeing a faster rollout of the vaccine in advanced economies while the U.S. and Europe could achieve population immunity in the second half of the year. Those gains could be offset by a bleaker regional outlook with the resurgence of the virus in some countries.
Singapore Sees Steady 2021 Rebound as More Stimulus Expected
Bloomberg 2/15/2021 Michelle Jamrisko
(Bloomberg) Singapore reaffirmed its forecast for a rebound in economic growth this year after its worst annual contraction since independence, signaling the recovery is on track while more stimulus expected in this week’s annual budget presentation will provide further support.
The Ministry of Trade & Industry on Monday maintained its projection for growth in a range of 4% to 6% for 2021, seeing a faster rollout of the vaccine in advanced economies while the U.S. and Europe could achieve population immunity in the second half of the year. Those gains could be offset by a bleaker regional outlook with the resurgence of the virus in some countries.
Exports rise 5.37% in January, trade deficit narrows to $14.75 billion
Cumulative exports during April-January 2020-21 exhibited a negative growth of 13.66 per cent at $228.04 billion, as compared to $264.13 billion during the same period last year
Chitranjan Kumar | February 2, 2021 | Updated 17:31 IST
India s merchandise exports rise to $27.24 billion
India s merchandise exports rose for the second consecutive month in January, while the trade deficit narrowed during the same period, showing signs of revival in the economic activity. India s merchandise exports rose 5.37 per cent on a year-on-year basis to $27.24 billion in January 2021, from $25.85 billion in the same period last year. This was driven by growth in pharmaceuticals, iron ore and engineering sectors.
Updated Dec 31, 2020 | 19:12 IST
The output of eight core industrial sectors declined by 2.6% in November 2020 as compared to an increase of 0.7% in the same period last year, according to provisional DPIIT data released on Thursday India Core sector output 2020 I File photo | Photo Credit: PTI
New Delhi: The production in eight core industrial sectors of the economy continued to contract for nine consecutive months into November this year. It declined by 2.6% year-on-year (YoY) in November on account of a drop in natural gas, refinery products, steel and cement, according to a statement by Ministry of Commerce & Industry on Thursday.
The output of these eight sectors cumulatively grew by 0.7% in the same period last year, according to provisional data released by the Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday.