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A Budget to rebuild and restore the economy

Singapore Budget

A Budget to rebuild and restore the economy

Published on Sat, Jan 29, 2022 / 11:52 AM GMT+8 / Updated 6 days ago

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Singapore’s economy is on a firmer footing two years into the pandemic, but challenges remain

With the unprecedented sum of some $100 billion allocated to fight the pandemic, Singapore’s economy, two years after the virus started spreading, has gotten back on a firmer footing.

The government estimates 2021 GDP to grow by 7.2%, marking a sharp reversal from the 5.4% contraction suffered in 2020. “Thanks to two years of a forceful bout of counter-cyclical fiscal stimulus, Singapore has seen a firm recovery, making it one of Asia’s outperformers in 2021,” note Yun Liu and Heidi Tang from HSBC’s Global Research team.

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A Budget to rebuild and restore the economy

Singapore Budget

A Budget to rebuild and restore the economy

Primary tabs

Error message

A Budget to rebuild and restore the economy

Singapore Budget

A Budget to rebuild and restore the economy

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