MAS says recession is officially "over"

SINGAPORE - Singapore's worst and longest recession is over. The shrinkage actually ended abruptly on 31 December, the Monetary Authority of Singapore (MAS) said Thursday.

Gross domestic product (GDP) rose 5.6 per cent in the October-to-December quarter, when compared with the previous quarter. Over the whole of 2001, the economy shrank by 2 per cent.

The central bank said that GDP will probably return to its pre-recession peak in the final three months of this year, "about seven quarters after

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: