Singapore’s GDP grew 0.2% y-o-y in the 1Q2021, according to advanced estimates by the Ministry of Trade and Industry (MTI) released on April 14.
This represents a turnaround from the contraction of 2.4% recorded for the 4Q2020.
On a q-o-q seasonally adjusted basis, the ministry says the economy grew by 2% following the 3.8% expansion in the 4Q2020.
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