SINGAPORE, July 14 — Singapore’s economy grew 4.8 per cent in the second quarter, missing forecasts, preliminary data showed on Thursday.
Economists polled by Reuters had expected an increase of 5.2 per cent year-on-year for the second quarter.
On a quarter-on-quarter seasonally adjusted basis, GDP was unchanged in April-July, according to advance estimates from the Ministry of Trade and Industry.
Singapore has eased most of its Covid-19 local and travel restrictions since early April this year, supporting the economic recovery of the Asian financial hub.
— Reuters
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