Economists see upgrade in Singapore's 2021 growth forecast

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.
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

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.

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