Economists maintain outlook despite better-than-expected 2020 GDP data

Many projecting long and uneven recovery that will hinge on vaccine rollout; manufacturing sector likely to continue leading S'pore out of recession


IT'S the worst recession on record, but Singapore's 2020 economic contraction has turned out to be slightly milder than expected at 5.8 per cent year on year - just a notch lower than the official forecast of a 6 to 6.5 per cent contraction.

Still, it's not quite enough