Singapore raises 2021 GDP estimate, expansion at 6% to 7%


Singapore's iconic Merlion with the central business district in the background. - File pic

SINGAPORE: Singapore’s economy is set to expand at a faster clip than the government previously expected as the city-state shakes off an uptick in virus cases and looks to reopen more sectors through year-end.

Singapore revised its forecast for annual economic growth to 6%-7%, the Trade and Industry Ministry said yesterday as it reported final second-quarter data.

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