Singapore’s economy will probably grow at the fastest pace in almost six years this quarter from the first three months of 2009 amid a recovery in China and other Asian markets, according to Barclays Capital.
Gross domestic product may climb an annualised 17% in the quarter ending June 30 from the previous three months, Barclays economists Peter Redward and Wai Ho Leong wrote in a report received by e-mail today. The economy is expected to shrink 4% this year, and will expand 5.5% in 2010, they wrote.
