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Economy

Singapore ekes out 0.2% GDP growth in Q1 with COVID in check

Chips and other exports drive manufacturing rebound as vaccinations accelerate

Singapore's GDP shrank 5.4% in 2020, its worst performance since independence in 1965.   © Reuters

SINGAPORE -- The Singaporean economy grew 0.2% in the January-March quarter from a year earlier, preliminary data released on Wednesday shows, marking the first growth in a year after battling through the COVID-19 pandemic.

Following a 2.4% contraction in the October-December quarter, the latest data highlights the city-state's continued recovery from the worst of the crisis as it speeds up vaccinations.

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