Economics
Singapore Sees Return to Growth in 2021 on Global Recovery
- Sees 4%-6% expansion on external rebound, easing restrictions
- Trade tensions, lockdowns and support withdrawal loom as risks
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Singapore said its economy will probably expand 4% to 6% next year amid a global recovery from the worst of the coronavirus pandemic and as travel restrictions and local safety measures are eased.
The city-state also narrowed its forecast for this year’s contraction, the Ministry of Trade and Industry said in a statement Monday, highlighting an improved outlook for manufacturing, driven primarily by electronics.