Singapore GDP Jumped 32.1% in Q1
By wchung | 05 Apr, 2026
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
- Trump Threatens 'Hell' on Civilian Infrastructure Unless Strait Opened
- Keiko Fujimori Leads Peru Presidential Polls a Week Out
- China Ready to Join with Russia to End Mideast Misery
- What Do You Call a President Who Never Learns from His Mistakes?
- Foxconn Q1 Revenue Jumps on Strong Demand for AI Servers
- US Rescues Airman As Iran Ignores Trump Threats
- What's the Best College for Asian Americans?
- Judge Blocks Trump from Forcing Colleges to Provide Race-Related Data
- Telegram's Durov Hails Russian Resistance Against Moscow's VPN Blocks
- Iran Leaves Door Open for Peace Talks, Mocks Trump's Demands