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17 Apr 2019, Gergana Bencheva, EMIS Editor

Singapore’s GDP growth to bounce back in Q2 2019

The growth of Singapore’s gross domestic product (GDP) will revive in the second quarter of 2019, Intellasia.Net News reported referring to an estimate made by Fitch Solutions. The boost is expected to be supported by the city’s stable currency combined with sustained spending.

Yet, Singapore started the year with GDP growth of 1.3% between January and March. Fitch Solutions’ forecast for full 2019 is the city’s economy to grow by 2.2% although it previously expected some 2.8%.

In order to help Singapore’s economy, its government announced in February some fiscal stimuli following some generous transfers to citizens, Intellasia.Net News noted.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: Intellasia.Net News