Private-sector economists raise Singapore 2021 growth forecast to 5.8 per cent

For 2021, construction was seen as the sector that will expand the most. - ST FILE

SINGAPORE (The Straits Times/ANN): Singapore's economy will grow by 5.8 per cent this year, better than the 5.5 per cent expansion predicted earlier, according to a central bank survey of professional forecasters.

The growth estimates by 24 economists and analysts, in the quarterly survey by the Monetary Authority of Singapore (MAS), ranged between 5 per cent and 6.9 per cent. That was wider than the 5 per cent to 5.9 per cent range the survey had in December last year.