Singapore’s economy has been touching new heights since the start of the year 2021. The economy grew by 1.3% in the first quarter of this year, as told by the ministry of trade and industry. The highest growth rate of Singapore’s in 2019 had an estimated improvement of 0.2% only.
The uncertainties led by the pandemic were warned earlier by the Government. The forecast was maintained, keeping in mind the problems arising due to the deadly virus. The forecast growth was recorded to spike from 4% to 6%.
Even at this tough time of the Global Pandemic, Singapore’s has been constant in its financial affairs (how) and has saved the country from the economic front. Now, the country won’t face difficulties in economic aspects and would overcome even the minor chances of economic depression.