Coronavirus: Singapore exits pandemic-induced recession as economy grows 1.3 per cent – South China Morning Post

Coronavirus: Singapore exits pandemic-induced recession as economy grows 1.3 per cent – South China Morning Post

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Singapore’s economy grew for the first time after three consecutive quarters of contraction, in a sign the city state is recovering from last year’s pandemic-induced recession.But with tighter social distancing measures having been introduced this month amid a recent increase in domestic infections, analysts say it is unclear whether the growth in the first quarter of this year can be sustained.The Ministry of Trade and Industry on Tuesday said the economy grew 1.3 per cent between January and…Read More

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