Annualized QoQ Change in Preliminary Quarterly GDP in Singapore
Singapore| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The preliminary quarterly Gross Domestic Product (GDP) annualized quarter-on-quarter comparison is an indicator that shows the total economic activity in Singapore and how much it has increased or decreased at an annualized rate compared to the previous quarter. This data is published quarterly by the Singapore Department of Statistics and is crucial for promptly understanding short-term economic trends.
The preliminary annualized quarter-on-quarter GDP data provides an early indication of economic growth, offering initial assessments for policymakers and market participants. If GDP is increasing, it indicates economic expansion, potentially leading to higher corporate earnings and employment. Conversely, if GDP is decreasing, it signifies economic stagnation or contraction, which could result in lower corporate earnings and employment.
This data allows policymakers to quickly evaluate the current economic situation and formulate appropriate monetary and fiscal policies. For example, if the preliminary GDP data shows high growth, the central bank might consider raising interest rates to control inflation risks. Conversely, if the preliminary GDP data indicates a decrease, it may be necessary to strengthen economic stimulus measures. For businesses and investors, the preliminary GDP data is an essential resource for assessing the economic outlook and planning investment strategies.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
