Some sectors in Singapore's economy expected to see slower growth

In particular, the travel-related sector has not shown much indication of a revival. - ST

SINGAPORE (The Straits Times/ANN): While Singapore's economy has been recovering smartly, bolstered by robust trade-related industries like manufacturing, some sectors remain lacklustre and others could see slower growth in the months ahead.

In particular, the travel-related sector has not shown much indication of a revival, with the air transport segment remaining muted and hotel occupancy in Singapore falling after the year-end demand surge, the Monetary Authority of Singapore (MAS) noted in its macroeconomic review released on Wednesday (April 28).