Private-sector economists raise Singapore's 2021 growth forecast to 6.5% from 5.8%: MAS survey

This comes after the economy grew by 1.3 per cent in the first quarter, when respondents had forecast a 1.1 per cent decline. - ST FILE

SINGAPORE (The Straits Times/ANN): Private-sector analysts have raised their forecast for Singapore's economic growth this year to above the Government's 4 per cent to 6 per cent range, despite the latest round of tighter Covid-19 restrictions.

The Republic's gross domestic product (GDP) may expand by 6.5 per cent this year, higher than the 5.8 per cent estimated in March, according to the latest quarterly survey released by the Monetary Authority of Singapore (MAS) on Monday (June 14).