[ad_1]
SINGAPORE, Dec.31 (Xinhua) – Singaporean Prime Minister Lee Hsien Loong said in his 2021 New Year’s Message on Thursday that the city state expects an economic rebound in 2021.
“After our most severe slowdown since independence, we expect a rebound in 2021, although the recovery will be uneven and activity is likely to remain below pre-COVID-19 levels for some time,” he said.
The prime minister said Singapore is not yet “out of the woods” economically, but is beginning to see signs of stabilization, such as job recovery and major new investments made by multinational corporations in Singapore.
He said the Singapore government has done everything possible to support workers and businesses, to avoid massive job losses and business failures.
Singapore’s Ministry of Commerce and Industry said in November that Singapore’s GDP growth is expected to be between minus 6.5 percent and minus 6.0 percent in 2020, and between 4.0 and 6.0 percent. percent in 2021. Enditem
