The Monetary Authority of Singapore is “completely aligned” with the trade ministry’s economic outlook, Edward Robinson, deputy managing director at the central bank, said at a briefing yesterday, adding that its monetary policy stance remains appropriate.
SINGAPORE: Singapore stuck to its economic growth forecast for this year, seeing past the impact of restrictions imposed to stem an uptick in Covid-19 cases while flagging that the global course of the pandemic remains a key risk.
Gross domestic product (GDP) will rebound 4% to 6% in 2021, the Ministry of Trade and Industry said, reiterating its previous forecast and citing improved performances by large economies such as the US. The city-state’s GDP also grew in the first quarter more than previously estimated, the ministry said.
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