Singapore economic recovery continues though GDP growth ebbs slighty

SINGAPORE, April 17 (dpa): Singapore's gross domestic product (GDP) grew for the third consecutive quarter, expanding by an estimated 2 per cent in the first three months of the year, the Ministry of Trade and Industry announced earlier this week.

Though the quarter-on-quarter expansion shows the city-state's economy is recovering from the impact of the coronavorus pandemic and related restrictions, it was down on the 3.8 per cent reported for the closing three months of last year.