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SINGAPORE: Singapore reported five new COVID-19 cases as of noon on Wednesday (October 14), the Ministry of Health (MINSA) said in its preliminary daily update.
Two are in the community and three are imported infections. Imported cases were placed on stay-at-home notices upon arrival in Singapore, the Health Ministry said.
There are no new cases in the bedrooms.
Wednesday’s tally brings the national tally to 57,889.
More details of the new cases will be released Wednesday night, the ministry said.
READ: Timeline: No new COVID-19 cases in Singapore bedrooms for the first time in more than 6 months
Singapore’s third quarter GDP shrinks at a slower pace
Like many countries, Singapore’s economy has been hit by the COVID-19 pandemic. The country entered a recession in the second quarter after nonessential businesses were shut down as part of measures to contain infections during a nearly two-month “circuit breaker” period.
Earlier on Wednesday, early estimates from the Ministry of Trade and Industry (MTI) showed that Singapore’s economy contracted at a slower pace of 7 percent in the third quarter of the same period last year, compared to – 13.3 percent in the second quarter. – as activities gradually resume after the circuit breaker.
On a seasonally adjusted quarter-on-quarter basis, Singapore’s economy expanded 7.9% in the third quarter, recovering from the 13.2% contraction in the previous quarter.
On the other hand, the Monetary Authority of Singapore remained firm in its monetary policy, saying that “an accommodative stance will remain appropriate for some time.”
While third-quarter GDP had recovered after a sharp contraction in the previous quarter, the momentum of GDP growth is likely to be “modest” in a slow external environment, persistent weakness in some domestic services and a limited recovery. in the travel-related sector, he said.
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