Q2 GDP may dip from Q1 but recovery still on track: economists

Singapore

WHILE Singapore's economy is likely to post a stellar year-on-year rebound in the second quarter, economists are also expecting a small sequential decline due to the tighter Covid-19 restrictions imposed in May and June.

Coming off a low base from Q2 last year, when the Republic's gross domestic product (GDP) plunged by a record 13.2 per cent year on year, initial optimism had lifted this year's Q2 growth expectations to 15 per cent, said the Monetary Authority of Singapore's quarterly survey of professional forecasters released a month ago.