Economics
Singapore Raises 2021 GDP Estimate, Now Expects 6%-7% Growth
- City-state earlier had seen economy expanding 4%-6% this year
- Second-quarter GDP shrinks 1.8% from the prior three months
Singapore has remained a relative bright spot in Southeast Asia as the delta variant rips across the region, severely threatening economies that are struggling to boost their vaccination rates.
Photographer: Wei Leng Tay/BloombergThis article is for subscribers only.
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Singapore’s economy is set to expand at a faster clip than the government previously expected as the city-state shakes off an uptick in virus cases and looks to re-open more sectors through year-end.