Singapore economy to grow 4% to 6% this year

Gradual recovery: People sit along the pier against the city skyline in Singapore. The trade-related services sectors like wholesale trade and water transport are projected to benefit from the pickup in external demand. ─ AFP

SINGAPORE: Singapore has maintained its forecast for the economy to grow gradually this year out of its worst recession, and signalled continued support for the unemployed and vulnerable sections of the population.

The economy will grow by 4.0% to 6.0% this year, said the Trade and Industry Ministry (MTI) yesterday, sticking to its forecast announced last November, after weighing positive and negative developments in key external economies.