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 DC Witter Group - Singapore's Economy to See Gradual Recovery in 2021- DC Witter Group - Singapore's Economy to See Gradual Recovery in 2021
- January 19, 2021
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DC Witter Group analysts say Singapore's economy is likely to see limited recovery during the first half of this year with an expected uptick in the final half of 2021.
Last year, Singapore’s economy shrank by 5.8%. Although this was better than the 6% that had been initially forecast, it was still the worst contraction recorded since the city state’s independence more than 50 years ago.
Major sectors that were most severely affected by the fallout of the coronavirus pandemic included trade and tourism.
Analysts at DC Witter Group say the less severe than expected contraction thanks to an upward revision in the third quarter was encouraging. Singapore’s e...
- View more at: https://www.1888pressrelease.com/dc-witter-group-singapore-s-economy-to-see-gradual-recover-pr-686571.html
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