Monday, August 2, 2021
HomeNewsSingapore announces GDP forecast for the second quarter of 2021 - News

Singapore announces GDP forecast for the second quarter of 2021 – News


Individuals sporting protecting masks will stroll alongside the Jubilee Bridge on Singapore’s Marina Bay Waterfront on June 7, 2020.

Suhaimi Abdullah | Getty Photographs

Singapore — Singapore’s financial system surged 14.3% within the second quarter.That is Singapore Worst economic downturn Recorded by the Covid-19 pandemic.

The most recent GDP estimates launched by the Ministry of Worldwide Commerce and Business are barely above analysts’ expectations. Economists surveyed by Reuters anticipated a 14.2% year-on-year surge.

Nevertheless, the financial system has shrunk by 2% in comparison with the earlier quarter, the ministry stated in a press release Wednesday.

Singapore skilled Resurrection in the case of Covid, It’s to the federal government Strengthen measures for social distance In early Might.Authorities Gradually relax those restrictions Final month, the variety of native infections decreased.

As of Tuesday, for the reason that starting of final 12 months, the nation has confirmed greater than 62,700 instances of coronavirus and 36 deaths, Ministry of Well being information confirmed.

Southeast Asian nations have one of many highest immunization charges on the planet. In response to CNBC calculations from the Ministry of Well being information, greater than 70% of the inhabitants of about 5.69 million have been vaccinated with not less than one Covid-19 vaccine, and greater than 41% are totally vaccinated.

That is breaking information. Examine for updates.

Singapore publicizes GDP forecast for the second quarter of 2021

Source link Singapore publicizes GDP forecast for the second quarter of 2021

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