Singapore upgrades 2021 GDP outlook as vaccinations gain pace ...Middle East

Singapore's bellwether economy expanded more than initially estimated in the second quarter and the government raised its forecast for 2021 as COVID-19 vaccinations progressed at home and in other key markets. Gross domestic product (GDP) is forecast to grow 6% to 7% in 2021, versus a prior estimate for an expansion of 4 to 6%, the Ministry of Trade and Industry said.

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