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Singapore this month re-imposed some restrictions on social gatherings, the toughest since exiting a lockdown last year, to combat a recent spike in local COVID-19 infections.
SINGAPORE: Singapore s economy expanded more than first thought in the first quarter and the government maintained its growth forecast for the year, but struck a cautious note about recovery due to uncertainties from the COVID-19 pandemic.
Gross domestic product (GDP) grew 1.3% year-on-year in the first quarter, the Ministry of Trade and Industry (MTI) said on Tuesday, higher than the 0.2% growth seen in the government s advance estimate.
Manufacturing, finance and insurance and wholesale trade supported the expansion over the quarter. Analysts had expected a 0.9% increase, according to a Reuters poll.