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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. ....
Vietnam appears to be leading the economic recovery among four emerging economies in ASEAN known collectively as CLMV (Cambodia, Laos, Myanmar and Vietnam), ....
3 Min Read SINGAPORE (Reuters) - Singapore’s central bank is expected to leave monetary policy on hold at its April review, economists said, as the trade and finance hub’s economic growth remains susceptible to risks from the COVID-19 pandemic that is still raging globally. All 15 economists in a Reuters poll expect the Monetary Authority of Singapore (MAS) to keep its exchange-rate based policy settings unchanged at its bi-annual meeting due on or before April 14. “The downside risk persists amidst multiple waves and variants of COVID-19 causing havoc around the world,” said Prakash Sakpal, at ING. “Hence any tightening or a shift to the S$-NEER (Singapore Dollar Nominal Effective Exchange Rate) appreciation policy at the moment is likely to be premature.” ....