World economy rebound on track; Singapore 2021 growth could exceed 6%

Singapore

THE world economy is on track to pick up pace from the second quarter this year, while Singapore's full-year growth could exceed 6 per cent, according to April's Macroeconomic Review released on Wednesday.

This follows a resurgence of new Covid-19 cases towards the end of 2020, which had prompted several governments to retighten public health measures, leading to a global economic slowdown in Q1, the Monetary Authority of Singapore (MAS) said in the review.

But with substantial fiscal stimulus expected to take effect in se…

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