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Still possible for Singapore’s economy to grow 6% or more this year, economists say Toggle share menu Advertisement Still possible for Singapore’s economy to grow 6% or more this year, economists say A woman walks along a promenade at the Raffles Place financial business district in Singapore on Apr 20, 2021. (Photo: AFP/Roslan Rahman) 25 May 2021 06:50PM) Share this content Bookmark SINGAPORE: There is still a possibility for Singapore to chalk up growth of 6 per cent or more this year, according to economists who do not expect the recently imposed COVID-19 curbs to throw the economic recovery off course for now. These economists have pencilled in full-year estimates of 6 per cent to 7 per cent growth, even as authorities on Tuesday (May 25) opted to maintain an earlier forecast for gross domestic product (GDP) to be between 4 per cent and 6 per cent for 2021. ....
Support measures set to taper, but Budget 2021 to remain expansionary: Analysts Toggle share menu Advertisement Support measures set to taper, but Budget 2021 to remain expansionary: Analysts People walk during their lunch break at the financial business district of Raffles Place in Singapore on Jan 11, 2021. (Photo: AFP/Roslan RAHMAN) Share this content Bookmark SINGAPORE: The upcoming Budget on Feb 16 is expected to be expansionary, but more calibrated than the extraordinary fiscal resuscitation applied to the economy in 2020, analysts said. This means that Budget 2021, which will be delivered on Feb 16, may post a deficit despite it being the first budget of the Government s new term following a General Election last July, an unusual circumstance in fiscally conservative Singapore. ....