Despite a slump in funding, Singapore’s venture capital market remained active in the first nine months, Singaporean daily English-language newspaper The Straits Times has reported.
The Singaporean economy grew only 0.1% year-on-year in the first quarter of 2023, slowing from 2.1% growth in the previous quarter, according to official estimates released by the Ministry of Trade and Industry (MTI) on April 14.
The Singaporean economy grew 0.2 percent in the first quarter of this year, a positive signal compared to a 2.4 percent contraction in the fourth quarter of 2020.
Singapore's non-oil domestic exports (NODX) in September rose 5.9 percent from a year earlier, driven mainly by electronics shipments, data from Enterprise Singapore showed.
Economists of Singapore are more optimistic about the outlook for the country’s economy next year, with a survey showing that they expect growth of 5.5 percent on average in 2021, said the Monetary Authority of Singapore (MAS) on September 7.
The Singaporean economy suffered a deeper recession in the second quarter than earlier estimated as it contracted by 13.2 percent year on year, compared to the previous prediction of -12.6 percent.
Enterprises in Singapore recorded their worst performance in the first quarter of 2020 since the global financial crisis of 2008 as the COVID-19 pandemic pushed the economy to stagnation, a recent business climate survey showed.
Singapore’s retail sales in March dropped 13.3 percent compared with the same period last year, the biggest decrease in 22 years due to the impact of the COVID-19 pandemic, according to the Singapore Department of Statistics.
The Singapore economy is expected to grow 0.7 percent this year, up from 0.6 percent in the previous survey in September, according to the latest quarterly poll of professional forecasters by the Monetary Authority of Singapore (MAS) released December 11.
The Ministry of Trade and Industry (MTI) of Singapore on November 21 released a report showing that the country’s economy expanded by 0.5 percent yearonyear in the third quarter of 2019.
Singapore’s exports in July dropped for the fifth consecutive month, although the fall was slightly less severe than forecast, data from the trade agency Enterprise Singapore showed on August 16.
The Singaporean economy grew by 0.6 percent in the third quarter of this year, the country’s Ministry of Trade and Industry (MTI) announced on October 14.
The Singaporean economy grew 2.2 percent on a year-on-year basis in the second quarter of this year, marginally higher than the 2.1 percent expansion in the previous quarter.