Tag: growth
Indonesia exits recession with 7% GDP growth in Q2, but virus clouds recovery
Indonesia's economy showed significant improvement in Q2, growing 7.07% and breaking out of recession. The growth rate, the strongest in 17 years, surpassed analyst predictions. However, rising Covid-19 infections could potentially disrupt the ongoing economic recovery.
Singapore’s exports continue to grow in April but at a slower pace of 6%.
Singapore's non-oil domestic exports (NODX) grew 6% in April, lower than March's 11.9% increase. Growth was supported by hardware exports, semiconductor demand, and a rebound in petrochemical shipments.
