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Singapore’s GDP contracts by 5.8 per cent in 2020

SINGAPORE (XINHUA) – Singapore’s Ministry of Trade and Industry announced yesterday based on advance estimates, the country’s gross domestic product (GDP) for the whole of 2020 fell by 5.8 per cent year on year, compared to the 0.7 per cent growth in 2019. For the fourth quarter of 2020, Singapore’s economy contracted by 3.8 per […]

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Malaysia to record GDP growth of 5.1% in 2021

KUALA LUMPUR: After an eventful 2020 which pushes the global economy towards recession, including Malaysia, the after-effects are expected to be shallow this year as the economy makes a come back. Maybank Investment Bank Bhd (Maybank IB) chief economist Suhaimi Ilias said that Malaysia was expected to record a gross domestic product (GDP) growth of […]

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Philippines: December inflation pick-up threatens recovery despite subdued 2020

MANILA, Philippines (UPDATE 12:25 p.m., Jan. 5) — Consumer prices accelerated for the third straight month in December, stoking worries that a projected recovery from the pandemic this year would be hampered by rising prices which nonetheless ended 2020 at a manageable level. Inflation, as measured by consumer price index, hit 3.5% year-on-year last month, the fastest in […]

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