Singapore economic contraction seen easing in first quarter, central bank on hold: Reuters poll Reuters 2 hrs ago © Reuters/EDGAR SU FILE PHOTO: A view of the city skyline in Singapore
SINGAPORE (Reuters) - Singapore s economy is expected to contract only slightly in the first quarter as activity continues to recover from a pandemic-induced shock, a Reuters poll showed, with the central bank expected to stay pat at its policy review next week.
Gross domestic product (GDP) is expected to contract 0.2% in January-March from the same period a year earlier, according to the median forecast of 10 economists.
The city-state s economy, which is highly reliant on global trade and financial services, had shrunk 2.4% year-on-year in the fourth quarter of 2020.
Singapore economic contraction seen easing in first quarter, central bank on hold: Reuters poll
wtvbam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtvbam.com Daily Mail and Mail on Sunday newspapers.
Bitcoin surges through key $50,000 level in European trading
theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.