Singapore's gross domestic product expanded 7.1 percent on year in the third quarter of 2021, the Ministry of Trade and Industry said on Wednesday.
That beat expectations for an increase of 6.5 percent following the upwardly revised 15.2 percent spike in the previous three months (originally 14.7 percent).
On a seasonally adjusted quarterly basis, GDP was up 1.3 percent - again beating forecasts for a gain of 1.0 percent following the upwardly revised 1.4 percent contraction in the second quarter (originally -1.8 percent).
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.