Singapore Q2 GDP rises 14.3% y/y, fastest in a decade


In absolute terms, gross domestic product in the second quarter of 2021 remained 0.9% below its pre-pandemic level in the second quarter of 2019, the ministry of trade and industry said in a statement.

SINGAPORE: Singapore's economy grew 14.3% in the second quarter, its fastest pace in just over a decade, preliminary official data showed on Wednesday, jumping from last year's coronavirus-induced plunge when the country was under lockdown measures.

Economists polled by Reuters had expected an increase of 14.2% year-on-year for the second quarter.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Singapore , economy , trade , GDP , growth ,

   

Next In Business News

Ringgit ends firmer against US dollar
KPJ Healthcare partners with Trustr for AI-driven healthcare solutions
Homeritz stays positive amid economic challenges
Unisem expects performance boost amid semiconductor recovery
Gadang wins RM280mil data centre contract
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih
FBM KLCI rebounds to hit fresh two-year high
Asian FX subdued after mixed US data; equities set for weekly gains
Global manufacturing activity recovery to continue gradually into 2024 - S&P Global
Country Garden plans to present debt revamp plan in second half, sources say

Others Also Read