Singapore maintains 2021 GDP forecast at 4% to 6% due to ‘heightened uncertainties’ from COVID-19

imageSingapore 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).

The forecast will be reviewed again in the next quarter when there is “more data and greater clarity” over the global and domestic economic situations, it added.