Singapore economy posts 7.6 percent growth in 2021 World

Singapore economy posts 7.6 percent growth in 2021

The Singapore economy grew by 7.6 percent in 2021, compared to a previous estimate of 7.2 percent, the Ministry of Trade and Industry (MTI) has said, while the growth forecast for this year has been maintained at 3-5 percent.
Singapore’s economy grows 7.2 percent in 2021 World

Singapore’s economy grows 7.2 percent in 2021

Singapore's economy grew 7.2 percent in 2021, rebounding from its worst recession caused by the COVID-19 pandemic since 1965, the Singaporean Ministry of Trade and Industry (MTI) reported on January 3.
Singapore expects positive recovery in year's latter half World

Singapore expects positive recovery in year's latter half

Singapore’s economy will enjoy good growth in the second half of 2021 and continue to recover next year as global growth is projected to “remain positive,” S. Iswaran, Minister for Transport and Minister-in-charge of Trade Relations, has said in parliament.
Singapore economy expands nearly 15 percent in Q2 World

Singapore economy expands nearly 15 percent in Q2

Singapore's economy expanded more than initially estimated in the second quarter from a year ago, according to the Ministry of Trade and Industry (MTI), and the government upgraded its growth forecast for the full year, according to Reuters news agency.
Singapore economy expands 14.3 percent in Q2 World

Singapore economy expands 14.3 percent in Q2

Singapore's Ministry of Trade and Industry on July 14 said that based on advance estimates, the country's gross domestic product (GDP) grew 14.3 percent year on year in the second quarter of 2021.
Singapore economy to grow 6.5 percent this year: MAS survey World

Singapore economy to grow 6.5 percent this year: MAS survey

Despite the latest round of tighter COVID-19 restrictions, Singapore’s economy will grow by 6.5 percent this year, higher than the Government’s forecast of 4-6 percent, according to the latest survey released by the Monetary Authority of Singapore (MAS).
Singapore economy to expand 4-6 percent in 2021: MTI World

Singapore economy to expand 4-6 percent in 2021: MTI

Singapore’s Ministry of Trade and Industry (MTI) announced on May 25 that it would maintain the country’s GDP growth forecast for 2021 at 4 to 6 percent, in view of the heightened uncertainties in the economic environment, characterised by both upside and downside risks, especially arising from the COVID-19 pandemic.
Singapore’s economy likely to decline in Q2 ASEAN

Singapore’s economy likely to decline in Q2

Singapore's economic growth may decline in the April-June period compared with the previous quarter because of the recently re-imposed coronavirus curbs, putting at risk the full-year target of more than 6 percent, experts have said. ​
Singapore’s GDP contracts by 7 percent in Q3 ASEAN

Singapore’s GDP contracts by 7 percent in Q3

Based on advance estimates for the third quarter of 2020, the Singapore economy expanded by 7.9 percent on a quarter-on-quarter seasonally-adjusted basis, rebounding from the 13.2 percent contraction in the preceding quarter.
Singapore injects another 8 billion SGD to support economy ASEAN

Singapore injects another 8 billion SGD to support economy

Singapore’s government has allocated another 8 billion Singapore dollars (5.8 billion USD) to support workers and businesses hurt by the COVID-19 pandemic, the country's Deputy Prime Minister and Finance Minister Heng Swee Keat said.
Singaporean SMEs scale back expansion plans World

Singaporean SMEs scale back expansion plans

Expectations of business expansion among Singapore small and medium-sized enterprises (SMEs) have sunk to the lowest since 2009, according to a quarterly survey by the Singapore Business Federation (SBF) and Experian that was announced on December 23. ​
Singapore’s economic growth likely to be weaker this year World

Singapore’s economic growth likely to be weaker this year

The Singapore economy is likely to end the year weaker than earlier expected in the context that the ongoing tension between the US and China has stalled three of the world’s growth engines — trade, manufacturing and investments, warned Monetary Authority of Singapore (MAS) Managing Director Ravi Menon on June 27.