Singapore / Growth,FX,Rates

Singapore Outlook 2021: Emerging optimism

Irvin Seah, Philip Wee, Eugene Leow / November 18, 2020
The economic doldrums for much of this year is gradually giving way to hope and optimism of a recovery as we head into 2021.
Key summary points
  • The island state is gradually emerging from COVID-19 crisis
  • GDP growth is expected to register 5.5% in 2021 while inflation should average 0.9% next year
  • Monetary policy will remain accommodative and fiscal policy be highly expansionary
  • FX: USDSGD has scope to pause around 1.34-1.39 after its sharp fall from 1.46
  • Rates: Some steepening pressures on the SORA OIS curve is to be expected

Singapore Outlook 2021: Emerging optimism

Photo credit: Unsplash

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