Singapore sees uneven recovery after 1Q GDP tops forecasts


Singapore this month re-imposed some restrictions on social gatherings, the toughest since exiting a lockdown last year, to combat a recent spike in local COVID-19 infections.

SINGAPORE: Singapore's economy expanded more than first thought in the first quarter and the government maintained its growth forecast for the year, but struck a cautious note about recovery due to uncertainties from the COVID-19 pandemic.

Gross domestic product (GDP) grew 1.3% year-on-year in the first quarter, the Ministry of Trade and Industry (MTI) said on Tuesday, higher than the 0.2% growth seen in the government's advance estimate.

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growth forecast , uncertainties , Covid-19

   

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