Monday 10 May 2021
Home      All news      Contact us      RSS     
scmp - 27 days ago

Singapore posts surprise economic growth in first quarter, with GDP expanding 0.2 per cent year on year

Singapore’s economy exited negative territory in the first quarter of this year after three consecutive quarters of contraction, signalling that the trade-reliant city is set to recover steadily. But analysts warned the worsening coronavirus situation in Southeast Asia and the slow vaccine roll-out in the region could threaten the rosy outlook.The country’s export-dependent economy grew 0.2 per cent from the same period last year, according to advance estimates released by the trade ministry on…


Latest News
Hashtags:   

Singapore

 | 

posts

 | 

surprise

 | 

economic

 | 

growth

 | 

first

 | 

quarter

 | 

expanding

 | 

Sources