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%


To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook