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Economy

Singapore lifts Q3 GDP and eyes 4-6% rebound from COVID in 2021

Officials caution path to recovery will be 'slow and uneven across economies'

SINGAPORE -- The Singaporean government expects a return to solid growth next year, officially forecasting gross domestic product to expand in the 4% to 6% range in 2021 after this year's third quarter turned out better than initially thought.

Nevertheless, officials from the Trade and Industry Ministry cautioned on Monday that the recovery will be "gradual," as they narrowed their projection for 2020 to a band of -6.5% to -6%, versus the previous -5% to -7%.

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