Singapore Govt Maintains 2021 Growth Outlook

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Singapore's growth outlook for this year was maintained as the government expects a gradual recovery underpinned by the pickup in foreign demand. In 2021, the city-state economy is projected to grow 4 percent to 6 percent, which was unchanged from the previous forecast, the Ministry of Trade and Industry said Monday. The economy had contracted 5.4 percent in 2020, in contrast to the 1.3 percen