Singapore set for return to high growth as GDP expands by 7 per cent

SINGAPORE, Nov 27 (dpa): Singapore's economy expanded by 7.1 per cent year-on-year during the third quarter, the Ministry of Trade and Industry announced this week, projecting growth for the year of "around 7 per cent."

Gross domestic product (GDP) in South-East Asia's wealthiest economy, measured per capita, has likely grown by 7.7 per cent so far this year, according to ministry estimates, after contracting by more than 5 per cent in 2020.