Singapore’s recovery accelerated in the final three months of 2021, with easing virus restrictions and strong manufacturing helping push the economy to its fastest full-year growth in more than a decade.
Gross domestic product expanded 2.6% on a seasonally adjusted basis from the previous three months, according to advance estimates on Monday from the Ministry of Trade and Industry, beating a median 2.1% forecast in a Bloomberg survey of economists.
That last quarter pickup helped propel growth for the full year to 7.2%, the fastest since 2010, after a 5.4% contraction in 2020. Economists had forecast an expansion of 7.1%, while the trade ministry in November said it expected “about 7%.”
“Singapore is firmly on the recovery…
