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DBS Group Research ups Singapore's FY2020 growth forecast, says recovery 'underway' but remains uneven

Felicia Tan
Felicia Tan10/28/2020 02:56 PM GMT+08  • 2 min read
DBS Group Research ups Singapore's FY2020 growth forecast, says recovery 'underway' but remains uneven
Seah expects an upward revision of headline GDP growth for 3Q2020 to -5.4% y-o-y in 3Q2020 from the 13.3% contraction in 2Q2020.
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DBS economist Irvin Seah has revised his full year growth forecast for Singapore in 2020 to -6.0%, up from -6.5% previously, in anticipation of an economy on the mend and recovery in some regional markets.


See: Rebound in Singapore's economy likely to take longer than previous recessions: MAS

“The Covid-19 situation has stabilised and prompted the government to implement phased opening of the economy,” he writes in a report dated Oct 28.

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