The Straits Times says

Recovery is on, but uncertainty ahead

New: Gift this subscriber-only story to your friends and family

Advance estimates for second-quarter GDP growth released on Wednesday suggest that Singapore's economic recovery is progressing, but continues to be uneven. Moreover, with many key trading partners still struggling to control Covid-19 infections, the future for many sectors of the economy remains uncertain.

Based on data for April and May, second-quarter growth came in at 14.3 per cent, year on year. Robust as this may seem, it came off an unusually low base - the second quarter of last year, when the circuit breaker was imposed and the economy contracted 13.3 per cent year on year.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Join ST's Telegram channel here and get the latest breaking news delivered to you.