Singapore central bank expects strong GDP growth despite virus surge

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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."