Singapore economy rebounds from virus-induced recession; grows 7.2% in 2021

Singapore's economy grew 7.2 per cent in 2021. - The Straits Times/ANN

SINGAPORE, Jan 3, 2022 (AFP): Singapore's economy grew 7.2 percent last year, rebounding from its worst recession since independence sparked by the coronavirus pandemic, government data showed Monday.

The city-state plunged into its worst economic performance in 2020 as businesses and international borders shut down, choking its trade and tourism economic lifeline.