Singapore Q2 GDP -1.8% q/q and +14.7% y/y

ingapore Q2 GDP +14.7% y/y (Reuters poll +14.2%)

 -1.8% q/q at seasonally adjusted rate

More:

 

  • The Ministry of Trade and Industry upgrades 2021 GDP growth forecast to 6.0% to 7.0% (previous forecast 4.0% to 6.0%)

 

MTI says performance of Singapore economy in H1 2021 was stronger than expected

 

  •  says barring major setback in global economy, Singapore economy expected to continue gradual recovery in H2
  • says easing curbs as vaccination ramps up to support recovery of consumer-facing sectors, alleviate labour shortages

 

2021 NODX forecast now +8% (from +7% previous forecast)