Economy

Singapore GDP rebounds 7.2% in 2021 as omicron looms

New COVID variant clouds outlook, with Q4 growth slowing to 5.9%

20220102 singapore gdp

Singapore's skyline: The city-state hopes to continue its economic recovery in 2022 but omicron poses a threat. © Reuters

KENTARO IWAMOTO, Nikkei staff writer
January 3, 2022 09:07 JST
Updated on January 3, 2022 11:11 JST

SINGAPORE -- The Singaporean economy grew 7.2% last year, rebounding from a pandemic-induced 5.4% contraction in 2020, according to preliminary data released on Monday.

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