Singapore central bank expects strong GDP growth despite virus surge


mas140416

SINGAPORE, Oct 30 (dpa): The Monetary Authority of Singapore (MAS) has announced that it expects the city-state's gross domestic product to expand by up to 7 per cent this year despite an ongoing coronavirus surge.

The MAS, the de facto central bank, said the economy "is expected to continue on its expansion path in the coming quarters as movement restrictions are progressively eased."

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Singapore , MAS , Confident , economy , Steady , Covid-19 , Spike

Next In Aseanplus News

Brunei forest park revamp underway to boost ecotourism
Lao president extends New Year greetings, calls for national unity
Over 50 homes destroyed in New Year’s Eve fire in Myanmar capital
Several major laws to take effect in Vietnam from January 1, 2026
Dashboard to track MA63 progress launching in January
Philippines' Iloilo town vice mayor dies after accidental gun discharge
Indonesian President targets electoral reforms to consolidate power
Workers' Party pledges to be constructive check on Singapore government amid era of unprecedented disruption
Bangkok air quality slips into orange zone, exceeding the safety standard
Sarawakians urged to be ready for floods with severe weather forecast

Others Also Read