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Economists expect Singapore GDP to grow by 6.5% in 2021: MAS survey

Felicia Tan
Felicia Tan6/14/2021 8:2 PM GMT+08  • 3 min read
Economists expect Singapore GDP to grow by 6.5% in 2021: MAS survey
In the same survey, the respondents estimate that the economy will expand by 15% y-o-y in the 2Q2021.
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Some 27 economists and analysts surveyed by the Monetary Authority of Singapore (MAS) have estimated a 6.5% expansion in Singapore’s GDP in 2021.

According to MAS’s Survey of Professional Forecasters for June, this is above the 5.8% expansion predicted in the previous survey in March.

The expansion is estimated to be led by the construction and manufacturing sectors, with a 19.3% and 8.3% y-o-y expansion.

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