Economists see upgrade in Singapore's 2021 growth forecast

SINGAPORE – The health prognosis of Singapore’s trading partners will likely have a significant bearing on how its trade-dependent economy performs through the rest of 2021. However, the phased easing of Covid-related curbs will likely boost private consumption and help compensate for some of the possible loss in growth momentum

UOB expects an 'expansionary but calibrated' Budget 2021

UOB expects next month’s Budget will stay “expansionary but calibrated” to target specific industries and parts of society hit by Covid-19. Its research team tips an overall deficit of $12.5 billion or 2.5 per cent of nominal gross domestic product. The deficit for the 2020 financial year is pencilled at

Manufacturing sees 6.6% growth in Q1 after pharma boost amid overall weak economy: MTI

SINGAPORE – Singapore’s manufacturing sector expanded by 6.6 per cent year on year in the first quarter of 2020, on the back of increased output in several sectors, especially biomedical production. This reversed the 2.3 per cent contraction in the fourth quarter of 2019, the Ministry of Trade and Industry