03/01/2022 03:40 (UTC)

Singapore's GDP grows 7.2% after a year of recession

Singapore, Jan 3 (EFE/EPA).- Singapore's gross domestic product (GDP) grew 7.2 percent in 2021, after a recession a year ago due to the coronavirus pandemic, the government data showed on Monday.

The economy expanded by 5.9 percent in the last quarter of 2021, signaling a moderation in the growth compared to the 7.1 percent in the July-September quarter, the Ministry of Commerce and Industry said in a statement. (Camera: ARCHIVE).

ARCHIVE FOOTAGE OF DAILY LIFE IN SINGAPORE.

Metadata

Date: 03/01/2022 12:00 (UTC)
Credit: EFE
Source: EPA
Topic: Economy, business and finance
Type: Rough cut
Duration: 54 seconds
Reference: 7001132717
Relevance: Normal