Singapore on the road to recovery in 2021: research

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No This is despite some sectors continuing to be held back by pandemic measures. Singapore’s gross domestic product contracted by 5.4% in 2020 but recovery may soon be felt with GDP expected to expand by 5.2%, according to Standard Chartered. Standard Chartered’s research found that on an expenditure basis, private consumption—mainly in transport and recreation-related spending—subtracted 5.3ppt from growth. Both public and private investment fell as construction works were affected by the pandemic. read more