News analysis

Analysts see positive growth next year, but warn Singapore economy not out of woods yet

The Monetary Authority of Singapore (MAS) made it clear that the economy is not out of the woods yet, even after a sharp jump in economic growth in the July to September period. ST PHOTO: LIM YAOHUI
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The Monetary Authority of Singapore (MAS) made it clear that the economy is not out of the woods yet, even after a sharp jump in economic growth in the July to September period.

Analysts agreed with the central bank's assessment, saying the necessity to continue with some social distancing measures for the contact-intensive segments of the service sector and restrictions on travel will keep the recovery slow and uneven.

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A version of this article appeared in the print edition of The Straits Times on October 29, 2020, with the headline Analysts see positive growth next year, but warn Singapore economy not out of woods yet. Subscribe