Safeguarding Singapore’s Economic Recovery and Promoting Structural Transformation
Singapore’s economy is expected to rebound strongly in 2021 after a sharp contraction last year due to the COVID-19 pandemic.
Singapore’s economy is expected to rebound strongly in 2021 after a sharp contraction last year due to the COVID-19 pandemic.
The COVID-19-induced economic recessions worldwide have put downward pressure on cross-border investments. FDIs in emerging and developing economies in Asia are projected to subside by up to 45 percent in 2020 according to the UNCTAD’s World Investment Report 2020.
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Singapore’s economy has been resilient but economic growth is expected to be significantly affected in the near-term due to the outbreak of the coronavirus (COVID-19). Strong policy support is expected to help cushion the impact.
Singapore’s economy has been resilient but economic growth is expected to be significantly affected in the near-term due to the outbreak of the coronavirus.
(Last updated: May 10, 2020) Download the infographic in high-resolution
AMRO Chief Economist Dr. Hoe Ee Khor speaks with Channel NewsAsia regarding the impact of the coronavirus on Singapore’s economy.
Singapore’s economy is expected to recover gradually from the sharp downturn in 2019, which was caused by the U.S.-China trade tensions and global economic slowdown.
Amid strong headwinds stemming from the prolonged U.S.-China trade tensions and a global slowdown, the ASEAN+3 region and Singapore remain resilient, supported by strong economic fundamentals and buffers as well as a regional financial safety net.
Following strong growth in 2017 and the first half of 2018, Singapore’s economy is expected to expand at a slower pace in 2019.