Singapore’s Economy Grew 6 Percent Year-on-Year in First Quarter, Beating Forecast
Singapore’s economy expanded 6 percent year-on-year in the first quarter, according to Al Jazeera. The growth surpassed the government’s advance estimate of a 0.3 percent contraction, as reported by SCMP. On a seasonally adjusted basis, GDP rose 1 percent from the previous quarter, SCMP reported. The global artificial-intelligence boom lifted Singapore’s manufacturing and services sectors, and it抵
Singapore’s economy grew 6 percent year-on-year in the first quarter, according to Al Jazeera. The growth exceeded the government’s advance estimate of a 0.3 percent contraction, as reported by SCMP. On a seasonally adjusted basis, gross domestic product increased 1 percent from the previous quarter, SCMP reported. The global artificial-intelligence boom lifted Singapore’s manufacturing and services sectors, and it offset the drag from higher crude prices, according to SCMP.
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