Singapore economy

Experts expect economy to grow 4.8% in Q2

The full-year growth forecast was lowered to 3.8% from 4%.

Economy ‘moderately’ increases by 3.7% YoY in Q1: MTI

On a quarterly and seasonally adjusted basis, it grew by 0.7%.

F&B sales down 4.5% YoY in October to $659m

Restaurants experienced the most YoY decline at 24%. 

October’s industrial production performance due to low-base levels and strong global demand

According to UOB, this growth was led by the biomedical manufacturing cluster. 

Daily briefing: SGX mulls first US dollar bond; China uses coercion to back claims in disputed waters: US

And Trade and Industry Minister highlights digitalisation as critical in recovery.

Daily briefing: US VP Harris to visit SG next week; SG economy relies on 'openness': Health Minister

And Singapore will not reach herd immunity despite the high vaccination rate.

Singapore economy projected to increase by up to 7%

This is an upgrade from the previous 4% to 6% predicted by the Ministry of Trade and Industry.

Recovery relies on border restrictions easing

Outlook for the tourism and food and beverage sectors do not look promising for the remainder of 2021.