Published:
GDP may have advanced 6.5% in 1Q 2011
Sequentially, growth likely quickened to 2.1% QoQ from 1.5% in 4Q 2010.
According to DBS, consumption, investment and net exports will all contribute positively to headline growth.
Private consumption is projected to surge 6.0% YoY and contribute 4.1% to headline growth. Robust spending is supported by wage/salary growth and a resilient property market that helps sustaining positive wealth effects.
GDFCF is projected to expand 10.9% in 1Q11 from 8.8% in 4Q10, said DBS.
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