Today-June 14

The Singapore economy is set to expand by 6.5 per cent this year, higher than the Government’s full-year growth forecast of 4 to 6 per cent, based on a survey of economists by the central bank. The 24 economists who responded to the survey by the Monetary Authority of Singapore (MAS)  also forecast that the economy would expand by 15 per cent in the second quarter of 2021, compared with the same period last year.  The economists forecast that the construction sector would record the largest expansion of 19.3 per cent this year, compared with the same period last year. The manufacturing sector is expected to expand by 8.3 per cent, and accommodation and food services by 6.5 per cent, over the same period.

Read more at https://www.todayonline.com/singapore/economists-expect-singapore-economy-grow-15-q2-65-2021-mas-survey