Economics

Singapore Maintains 2021 GDP Outlook Despite Virus Setback

Trade ministry reiterates 2021 forecast for growth of 4% to 6%
Final 1Q GDP figure at +1.3% y/y, beating earlier estimates

WATCH: Charu Chanana, lead Asia economist at Continuum Economics, discusses Singapore’s economy and the labor restrictions in the country. (Source: Bloomberg)

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By Livia Yap and Michelle Jamrisko

May 25, 2021 at 12:00 AM UTC

Updated on

May 25, 2021 at 2:11 AM UTC

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Singapore stuck to its economic growth forecast for this year, seeing past the impact of restrictions imposed to stem an uptick in Covid-19 cases while flagging that the global course of the pandemic remains a key risk.