Positive growth next year, but Singapore economy not out of woods yet

Sequential growth in the Singapore economy is expected to slow in the fourth quarter and remain modest next year, said MAS.ST PHOTO: KUA CHEE SIONG

SINGAPORE - The Monetary Authority of Singapore (MAS) made it clear 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 services sector and restrictions on travel will keep the recovery slow and uneven.

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