Singapore set for return to high growth as GDP expands by 7 per cent


SINGAPORE, Nov 27 (dpa): Singapore's economy expanded by 7.1 per cent year-on-year during the third quarter, the Ministry of Trade and Industry announced this week, projecting growth for the year of "around 7 per cent."

Gross domestic product (GDP) in South-East Asia's wealthiest economy, measured per capita, has likely grown by 7.7 per cent so far this year, according to ministry estimates, after contracting by more than 5 per cent in 2020.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Simgapore , Exconomy , Expanding , 2021 , Better Forecast , 2022

   

Next In Aseanplus News

EU firms in China lament having to silo operations to stay competitive, survey finds
China’s ‘Monster’ ship back in disputed waters,�Philippines says
Dr Wee urges action as Johor poultry farmers await over RM2mil in unpaid Covid-19 subsidies
Foreigner-only restaurant in Vietnam's Ho Chi Minh City busted for offering prostitution services
Myanmar junta air strike kills 15 civilians, says ethnic rebel group
Laos and Vietnam agree to strengthen bilateral cooperation and economy growth cooperation
Indonesia new coach Kluivert, the Dutch football legend, eyes World Cup qualification
Bursa Malaysia set for modest gains from Monday (Jan 13) on bargain hunting, optimism
Ringgit likely to face cautious trading and expected to trade at around RM4.50 to the US dollar
Chinese embassy follows flood situation in Malaysia closely, says ambassador

Others Also Read