NEWS ANALYSIS ·
Subscribers

Last year's low base will lift GDP figures; but sequential numbers can add perspective

Singapore

THE upside surprise in the flash estimate of first-quarter growth bodes well for the full year, not least given that the low-base effect from Covid-19 has yet to register significantly - although caveats about the pandemic's unpredictability still apply.

Advance estimates released on Wednesday put first-quarter gross domestic product (GDP) growth at 0.2 per cent year on year, well in excess of economists' consensus forecast of -0.5 per cent.

On the same day, the Monetary Authority of Singapore...

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes