Singapore: A strong last lap in 2021
- Advance GDP growth for 4Q21 came in stronger-than-expected at 5.9% YoY and 2.6% QoQ sa
- High vaccination rate will prompt further economic reopening
- Implications for our forecast – Our full year growth forecast for 2022 remains at 3.5%
- Implications for investors – MAS may tighten monetary policy again in April
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DBS Bank Ltd., 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore 018982. Tel: 65-878-9999. Company Registration No. 196800306E.
DBS Bank Ltd., Hong Kong Branch, a company incorporated in Singapore with limited liability. 18th Floor, The Center, 99 Queen’s Road Central, Central, Hong Kong SAR.
DBS Bank (Hong Kong) Limited, a company incorporated in Hong Kong with limited liability. 11th Floor, The Center, 99 Queen’s Road Central, Central, Hong Kong SAR.