Singapore’s economy is slowly recovering indicating a 0.2% expansion in first quarter of the year
In comparison to last year’s economy and the previous quarter’s decline of 2.4%, the first quarter of 2021 has recorded a growth of 0.2% which implies a turnaround in the economy even in the middle of the Covid-19 crisis. This growth was caused by the manufacturing sector particularly the output expansions in the electronics, precision engineering, chemicals and biomedical clusters. …