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Economists see upgrade in Singapore's 2021 growth forecast
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With nearly 80 per cent of the population having received at least one dose of vaccine, Singapore can use its domestic economy to cushion any moderation in exports.
ST PHOTO: MARK CHEONG
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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 from the export-driven sectors - mainly manufacturing.
