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)