Manufacturing to drive Singapore's recovery for another year amid Covid-19 resurgence

Manufacturing led the recovery from the Covid-induced recession, growing last year at a breathtaking pace of 7.3 per cent.
Manufacturing led the recovery from the Covid-induced recession, growing last year at a breathtaking pace of 7.3 per cent.ST PHOTO: LIM YAOHUI

The recent Covid-19 resurgence may have baked in the prospects of an uneven and gradual economic recovery through the year led by the trade-driven manufacturing sector.

That suggests the pace of growth will depend on the health of external demand for goods and services produced in Singapore - a critical node for global trade.

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