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Singapore

SINGAPORE ECONOMY
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Smaller negative output gap likely by 2022

MAS is optimistic about 'output returning to its potential' by then, but economists have varying opinions on when that can happen

Sharon See

Sharon See

Published Fri, Oct 15, 2021 · 05:50 AM
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Singapore

SINGAPORE'S negative output gap could close by mid-2022 at the earliest, as a broad recovery swept across all sectors in the third quarter, according to advance estimates on Thursday (Oct 14).

Gross domestic product (GDP) in Q3 grew 6.5 per cent year on year, data from the Ministry of Trade and Industry (MTI) showed, coming in just a notch below the 6.6 per cent growth that private sector economists' polled by Bloomberg had predicted.

KEYWORDS IN THIS ARTICLE

Covid-19
Manufacturing

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