Singapore Q1 GDP rises 9.9% annualized vs. expectations of 6.8% and Q4's 2.5% decline. On a Y/Y...
Singapore Q1 GDP rises 9.9% annualized vs. expectations of 6.8% and Q4's 2.5% decline. On a Y/Y basis, GDP was 1.6% higher vs. expectations of 1.1%. The central bank - which conducts monetary policy by managing the exchange rate - signaled it will allow a slightly faster pace of appreciation of the island's dollar. EWS +17.9% YTD.
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