Singapore's gross domestic product expanded 14.7 percent on year in the second quarter of 2021, the Ministry of Trade and Industry said in Wednesday's final report,That exceeded expectations for an increase of 14.2 percent following the upwardly revised 1.5 percent gain in the previous three months (originally 1.3 percent).On a seasonally adjusted quarterly basis, gross domestic product contracted...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.