A man wearing a face mask walks past a mural in Chinatown in Singapore on April 1, 2020.
Roslan Rahman | AFP | Getty Images
SINGAPORE — Singapore’s economy grew 1.3% in the first quarter of 2021 from a year ago — an improvement from official advance estimates of a 0.2% expansion, the ministry of trade and industry said Tuesday in an economic update.
The latest GDP data exceeded the 0.9% year-on-year growth projected by analysts in a Reuters poll.
The trade and industry ministry maintained its economic forecast for Singapore. It expects the Southeast Asian economy to grow between 4% and 6% this year.
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Source: CNBC