Singapore GDP Jumped 32.1% in Q1
By wchung | 04 May, 2025
Singapore says its economy soared in the first three months of 2010 as manufacturing more than doubled.
The Trade and Industry Ministry said Wednesday that gross domestic product grew an annualized, seasonally adjusted 32.1 percent in the first quarter, bouncing back from a 2.8 percent drop in the fourth quarter of 2009.
The ministry says the economy grew 13.1 percent in the first quarter from the same period a year ago. The ministry says it raised its 2010 GDP forecast to between 7 percent and 9 percent.
The central bank says Wednesday that it shifted its exchange rate policy from a 0 percent appreciation to a “modest and gradual” appreciation in a bid to dampen inflation pressure.
SINGAPORE (AP)
Articles
- $15,000 Toyota EV Developed with 100% China Talent, Supply Chain
- Ivan Zhao's Notion Simplifies Work and Life for 100 Million Users
- Survey Shows Rise of Anti-Asian Feelings — and Cause for Optimism
- Judge Edward Chen Sets Up Supreme Court Review of Trump's Mass Deportations
- Rep. Shri Thanedar Introduces Articles of Impeachment Against Trump
Asian American Success Stories
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women
- Greatest Asian American Rags-to-Riches Stories
- Notable Asian American Professionals