The government body also revised its growth figure for 2020 to a contraction of 4.1%, from the negative 5.4% announced previously.
Singapore’s economic growth for 4Q2021 – which covers the period between October and December – expanded 6.1% y-o-y, slower than the 7.5% uptick in the preceding quarter.
With this, the republic’s overall Gross Domestic Product (GDP) for 2021 was up by 7.6%, up from 7.1% guided by advance estimates, the Ministry of Trade and Industry (MTI) announced on Feb 17.
