MTI maintains 4%-6% GDP growth forecast in 2021

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The Singapore economy contracted by 5.4% in 2020. Singapore's official gross domestic product (GDP) growth forecast for 2021 maintains at 4%-6%, the Ministry of Trade and Industry (MTI) announced. This is amidst the Singapore economy having contracted by 5.4% in 2020, a reversal from the 1.3% growth recorded in 2019. MTI’s forecast has taken into account the progress in COVID-19 vaccine development and deployment, with several approved vaccines being rolled out in many economies around the world. read more