SINGAPORE: Private-sector economists have once again raised their 2021 growth forecasts for the Singapore economy, according to the latest quarterly survey by the Monetary Authority of Singapore (MAS) released on Monday (Jun 14).
There is still a possibility for Singapore to chalk up growth of 6 per cent or more this year, according to economists who do not expect the recently imposed COVID-19 curbs to throw the economic recovery off course for now.
Singapore has maintained its growth forecast for 2021 at a range of 4 to 6 per cent in view of “heightened uncertainties” arising from the COVID-19 pandemic, the Ministry of Trade and Industry (MTI) said on Tuesday (May 25).
German biotechnology firm BioNTech, which partnered Pfizer to develop a COVID-19 vaccine using messenger RNA (mRNA) technology, will set up its regional headquarters in Singapore, along with a manufacturing facility.
The Bloomberg New Economy Forum will be held in Singapore from Nov 16 to Nov 19, bringing together business and government leaders and academics from around the world to discuss issues affecting the global economy.