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Singapore's economy slated to grow by 4.0% in 2021: MAS survey

Amala Balakrishner
Amala Balakrishner12/8/2021 12:0 PM GMT+08  • 3 min read
Singapore's economy slated to grow by 4.0% in 2021: MAS survey
Singapore's growth is expected to come in at 6.9% in 2021, in line with official estimates of 6% - 7%
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Market watchers are expecting Singapore’s economy to expand by 4.0% in 2022 better than the 3.9% predicted earlier, according to findings from the Monetary Authority of Singapore’s (MAS) survey of professional forecasters released on Dec 8.

Growth for the year will likely fall between the 3% and 4.9% next year, the quarterly survey went on to say. This is in line with the 3% to 5% growth rate pencilled by the Ministry of Trade and Industry (MTI) in its 2022 forecast released last month.

For the ongoing 4Q2021 ending in December, the 22 economists and analysts polled are looking at a 4.6% y-oy expansion. As for the full-year, they are looking at a growth rate of 6.9%, in line with official estimates which point to an expansion of between 6% and 7%.

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