Economy Grows 0.2%, Singapore Recovers from Recession
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Singapore's Ministry of Trade and Industry estimates that the country's economy grew by 0.2% in the first quarter of 2021 compared to the same period last year (yoy). This allowed the Lion City to emerge from the recession that had been ongoing since the second quarter of 2020.
The positive economic growth in Singapore during the first quarter of 2021 was supported by manufacturing activity, with expansion occurring in electronics, biomedical manufacturing, and chemicals. This offset declines in the construction and transportation sectors.
The Singaporean government also successfully controlled the spread of the Covid-19 coronavirus and implemented a vaccination program. However, several analysts stated that external demand and the reopening of international borders are key to Singapore's continued economic growth, as quoted by Reuters.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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| Name | Value | % | |
|---|---|---|---|
| Inflasi yoy (Jul) | 2,88% | -0.46 | |
| Inflasi mom (Jul) | -0,14% | -0.58 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Mar) | 8,07% | -0.18 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 17.916 | +0.01 | |
| PDB ADHK (Q1) | 3.447,70 | -0.77 | |
| Neraca perdagangan (Jun) | -450,50 | -72.02 | |
| Ekspor Migas (Jun) | 1,07 | +40.52 | |
| Impor Migas (Jun) | 4,56 | +0.96 | |
| Ekspor (Jun) | 25,46 | +9.72 | |
| Impor (Jun) | 25,91 | +4.41 | |
| Kunjungan Wisman (Mei) | 1,38 | +10.69 | |
| NTP (Jul) | 116,16 | +1.32 |
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