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.
“On balance, given the improved growth outlook for key external economies, as well as a further easing of global travel restrictions and domestic public health measures that is expected in the year ahead, the Singapore economy is projected to return to growth in 2021,” MTI said.
Singapore’s revised forecast comes…
