Singapore GDP contracted by 12 6 per cent in Q2 themalaysianreserve.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themalaysianreserve.com Daily Mail and Mail on Sunday newspapers.
SINGAPORE:The Singapore economy grew by 0.2 per cent on a year-on-year basis in the first quarter of 2021, a turnaround from the 2.4 per cent contraction in the previous quarter.
Singapore s GDP shows signs of recovery, to grow by 4-6% in 2021
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Last Updated: Feb 15, 2021, 01:46 PM IST
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The economy will grow by 4.0 to 6.0 per cent this year, said the Ministry of Trade and Industry (MTI), sticking to its forecast announced in November last year, after weighing positive and negative developments in key external economies.
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SINGAPORE: Singapore on Monday said its economy will grow by 4.0 to 6.0 per cent this year, making a gradual recovery from the worst recession after weighing positive and negative developments in key external economies.
The higher end of the 2021 estimate would make it the best year since 2011, when GDP grew by 6.3 per cent, according to a report in The Straits Times.
Singapore on Monday said its economy will grow by 4.0 to 6.0 per cent this year, making a gradual recovery from the worst recession after weighing positive and negative developments in key external economies. The higher end of the 2021 estimate would make it the best year since 2011, when GDP grew by 6.3 per cent, according to a report in The Straits Times. The economy will grow by 4.0 to 6.0 per cent this year, said the Ministry of Trade and Industry (MTI), sticking to its forecast announced in November last year, after weighing positive and negative developments in key external economies. However, the growth acceleration this year can be partially attributed to the low base set in the second quarter of 2020 when the economy shrank by 13.3 per cent - the worst in a quarter ever.
MIL-OSI Asia-Pac: Singapore s GDP growth forecast for 2021 remains at 4-6 percent foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.