Serious PAP Singapore's Economy Grew By 7.2% In 2021 While Oppies Connived To Lie In Parliament! Majulah PAP!

[JohnTan]

SINGAPORE: Singapore's economy grew 7.2 per cent in 2021 amid the COVID-19 pandemic, rebounding from a recession in 2020, advance estimates released by the Ministry of Trade and Industry (MTI) on Monday (Jan 3) showed.

Singapore's economy shrank 5.4 per cent in 2020 – its first annual contraction since 2001 and the country's worst recession since independence.

Last year, Singapore announced the start of its transition to living with endemic COVID-19 as it saw a wave of new infections driven by the more infectious Delta variant.

Its vaccination programme was ramped up to include booster shots and more age groups, and new measures were also introduced to curb the spread of the coronavirus.

The estimates announced on Monday met the estimates by MTI in November last year. The ministry had narrowed the gross domestic product (GDP) growth forecast for 2021 to "around 7 per cent".

GDP grew 5.9 per cent on a year-on-year basis in the fourth quarter of 2021, moderating from a 7.1 per cent expansion in the previous quarter, the preliminary data showed.

On a quarter-on-quarter seasonally adjusted basis, the economy grew 2.6 per cent in the fourth quarter of 2021, faster than the 1.2 per cent growth in the preceding quarter.

All sectors of the economy recorded year-on-year growth for the full year as well as in the fourth quarter.

Except for construction, performance in all sectors also improved in the fourth quarter on a quarter-on-quarter seasonally adjusted basis.

The advance GDP estimates for the fourth quarter of 2021 are computed largely from data in October and November last year. They give an early indication of the GDP growth in the quarter and may be revised when more comprehensive data is available, said MTI.

MANUFACTURING SECTOR
Manufacturing performance improved 14 per cent year-on-year in the fourth quarter, speeding up from 7.9 per cent in the third quarter.

The sector expanded by 12.8 per cent for the full year.

https://www.channelnewsasia.com/sin...ar-q4-advance-estimates-singapore-mti-2411526

 

[millim6868]

Really,that's great,how come still so many grab persons ,jobless, evacute from condos,bank possession of homes due default payment?That funny , whose data is correct ,the society or the person that cones out with the data?I am very xonfuse

 

[face the facts]

fuck lah, dollar cost of all things went up lets say 30%
rightfully GDP should grow by 30% all things being equal,,

tell your pap dont take us for idiots, dont bullshit, johnny boy,
all central banks are cooking up these false figures, pap just following suit