Singapore’s Ministry of Trade and Industry (MTI) has revised its growth forecast range for the year to 6% to 7%, from its previous 4% to 6% range.

The move follows the pick up in vaccination rates - particularly in key advanced economies such as the US and Eurozone - which has allowed them to press on with their re-opening plans, says MTI.

These plans are notwithstanding an uptick in the Covid-19 cases, which have continued to rise globally due to the spread of the highly transmissible Delta variant.

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