Singapore Sees Steady 2021 Rebound as More Stimulus Expected
Bloomberg 2/15/2021 Michelle Jamrisko
(Bloomberg) Singapore reaffirmed its forecast for a rebound in economic growth this year after its worst annual contraction since independence, signaling the recovery is on track while more stimulus expected in this week’s annual budget presentation will provide further support.
The Ministry of Trade & Industry on Monday maintained its projection for growth in a range of 4% to 6% for 2021, seeing a faster rollout of the vaccine in advanced economies while the U.S. and Europe could achieve population immunity in the second half of the year. Those gains could be offset by a bleaker regional outlook with the resurgence of the virus in some countries.
Airports design strategies to survive the pandemic
Chances are good that this trend will consolidate not just this summer, but also beyond the pandemic. In surveys, one-third of respondents said they wanted to change their travel behavior compared to before the pandemic, says Schmude. Many have discovered travel destinations in Germany that they hadn t even considered before, says Buhl. She hopes that people will gain a new appreciation for travel through COVID-19 also in terms of sustainability. According to Schmude, there is no way to avoid it: The discussion about overtourism, flight shaming and cruises has indeed been pushed to the sidelines by the coronavirus. But it hasn t gone away; it will continue.
Amid the coronavirus pandemic, many countries worldwide continue to restrict entry and most travel remains discouraged. DW Travel offers a brief recap of what rules apply in the EU and how to get the latest info.