Singapore's economy rebounds in Q2 with 14.7% growth | Video

Singapore, Aug 11 (EFE/EPA).- Singapore's gross domestic product (GDP) expanded by 14.7 percent in the second quarter of the year after its timid exit from recession during the first few months of 2021, the government announced on Wednesday.

The rapid economic recovery of the city-state comes after the lifting of practically all Covid-19 measures imposed between January and July.

This GDP growth was driven by the manufacturing sector, which expanded by 17.7 percent year-on-year, as well as the construction sector, which grew 106.2 percent between April and July, the Singaporean ministry of trade and industry said in a statement. (Camera: ARCHIVE).

ARCHIVE FOOTAGE OF SHOPPERS AT A SHOPPING MALL AND B-ROLL OF SINGAPORE.

Metadata

Date: 11/08/2021 12:00 (UTC)
Credit: EFE
Source: EPA
Topic: Economy, business and finance
Type: Rough cut
Duration: 57 seconds
Reference: 7001096631
Relevance: Normal