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 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's economy will grow by 4 percent next year, likely be driven by improvements in the construction sector as well as manufacturing and finance, according to a survey of professional forecasters.
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'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'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.
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’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 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 economy will grow by 5.8 percent this year, higher than the 5.5 percent expansion predicted earlier, a quarterly survey by the Monetary Authority of Singapore (MAS) has found.
Singapore's economy has been ranked the freest in the world this year in the Heritage Foundation's 2021 Index of Economic Freedom, the second year in a row it topped the list.
Singapore’s gross domestic product (GDP) was estimated at minus 5.8 percent last year, the country’s Ministry of Trade and Industry (MTI) announced on January 4.
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’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.
The Singapore economy is predicted to contract by 5.8 percent in 2020, according to a survey by the Monetary Authority of Singapore (MAS) released on June 15.
Singapore slashed its 2020 gross domestic product forecast for the third time, the Ministry of Trade and Industry said on May 26, as the economy prepares for its deepest ever recession.
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 Ministry of Trade and Industry (MTI) said the country's 2019 economic forecast could be cut again considering the weak performance in the second quarter and strong headwinds in the global economy.
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.
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