S’pore economy to grow faster than 6% in 2021

Robust growth: People use the escalator at the Singapore Exchange Ltd headquarters. Singapore’s growth for the year is likely to be robust, with external demand picking up and business sentiment turning positive in the first quarter of 2021. — Bloomberg

SINGAPORE: Singapore’s economy has almost recovered the output lost during the first half of 2020, although its growth momentum eased in the first quarter of this year.

But while the outlook for Singapore’s economy has improved, projected growth outcomes across sectors have become even more lopsided than previously predicted, the Monetary Authority of Singapore (MAS) noted in its biannual macroeconomic review.