Singapore’s 2021 economic growth could exceed forecasts of 4% to 6%: Central Bank Chief
Singapore: Except for a recession into the global economy, Singapore’s economic growth could exceed the “upper limit” of this year’s official forecasts, said Ravimenon, managing director of the Monetary Authority of Singapore (MAS), Wednesday. (June 30th). ..
Menon said in a virtual press conference on the release of MAS’s annual report that the economy as a whole should recover in the second half of this year due to increased global demand and advances in Singapore’s vaccination program. It was.
“This year is a virus-vaccine battle. The sooner people are vaccinated, the sooner they will return to normal,” Menon said.
“But if the virus continues to mutate at a faster rate and there are new mutants that are more infectious and perhaps vaccine resistant, the economic situation will worsen,” he added.