The analysts at Fitch Solutions have forecast a current account surplus of 19.6% of Singapore’s gross domestic product (GDP) in 2021, which could mark the largest surplus in over a decade.
The estimate, according to a Jan 21 report, represents a significant widening from the team’s estimate of 17.8% in 2020.
“Our view relies on the recovering regional economy and Singapore’s relatively proactive stance in lifting travel restrictions to buoy the goods and services balance,” says the team.
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