As Singapore’s economy show signs of a strong turnaround in 3Q2020, economists from CGS-CIMB Research and DBS Group Research say the republic is on track to recovery and to meet its full-year GDP forecasts.

The buoyant outlook comes as Singapore’s Ministry of Trade and Industry (MTI) revealed on Nov 23, that the nation’s GDP for the 3Q2020 contracted by 5.8% y-o-y, compared to the 7% contraction predicted in advance estimates.

See also: Singapore's Oct inflation drops by 0.2%

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