Singapore Q1FY21 GDP Growth- Some Green Shoots are visible now

Singapore has begun the FY21 on a great note. Its economy has registered a better-than-expected GDP growth of 0.2% in Q1FY21 Vs Q1FY20 (same quarter last year). Though, the consensus estimates for this quarter was a contraction of 0.2%. This was a great performance by all measures, as till Q1FY20, the economy was operating withContinue reading “Singapore Q1FY21 GDP Growth- Some Green Shoots are visible now”

Is Singapore Economy out of the woods Yet?

The economy of each country is quite unique, as the driving forces of the economy may differ country-to-country. So, it is quite significant to understand the inherent driving forces of the Singapore economy. Since last one decade, services industry has been the backbone of the economic growth for the Singapore economy. The Growth of servicesContinue reading “Is Singapore Economy out of the woods Yet?”