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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