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Singapore to post current account surplus of 19.6% of GDP in 2021: Fitch Solutions

Felicia Tan
Felicia Tan1/22/2021 07:36 PM GMT+08  • 3 min read
Singapore to post current account surplus of 19.6% of GDP in 2021: Fitch Solutions
Asia will be among the fastest-growing regions in the world in 2021, with trade boosted by China’s strong momentum, notes the team
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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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