Singapore Q2 GDP Rises 4.8% Y/Y, Missing Forecasts

Reuters2022-07-14

SINGAPORE, July 14 (Reuters) - Singapore's economy grew 4.8% in the second quarter, missing forecasts, preliminary data showed on Thursday.

Economists polled by Reuters had expected an increase of 5.2% year-on-year for the second quarter.

On a quarter-on-quarter seasonally adjusted basis, GDP was unchanged in April-July, according to advance estimates from the Ministry of Trade and Industry.

Singapore has eased most of its COVID-19 local and travel restrictions since early April this year, supporting the economic recovery of the Asian financial hub.

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Comments

  • blessed_1
    2022-07-14
    blessed_1
    Ok
  • whchan
    2022-07-14
    whchan
    Market stabilising, hopefully consumer pricing will stabilise too
  • LEESIMON
    2022-07-14
    LEESIMON
    ok
  • CoolFox
    2022-07-14
    CoolFox
    Not bad at all. And it's just for this quarter. Now the real ennemy is Singapore multi-dependencies to other commodities and the inflation, the latter being quite reasonable (compared to other countries like USA)... for the moment.
  • Short
    2022-07-14
    Short
    Yeah
  • FlashTrade
    2022-07-14
    FlashTrade
    Where missed the forecast or not, I don't care. As long it is positive and meet the forecast  by the end of the financial year, most will be happy.
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