Despite advanced Singapore 2Q2021 GDP estimates coming in below consensus figures, economists remain mostly upbeat and anticipate a stronger performance in the coming months.

According to data released by the Ministry of Trade and Industry (MTI) on July 14, Singapore’s GDP grew 14.3% y-o-y in the 2Q2021, compared to consensus estimates of 14.8%.

The strong growth was largely due to the low base in the 2Q2020 when GDP fell by 13.3% due to the Circuit Breaker (CB) measures implemented from April 7 to June 1, 2020.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook