Singapore: Multiple Catalysts, Upside Surprise to 2022 Growth Likely
149 Views, 18 Jan 2022 13:10
- First, we see borders being opened progressively through the year, allowing the return of migrant workers whose absence has constrained production in key sectors.
- Second, Singapore’s manufactured exports will prosper as semiconductor demand continues to strengthen, even off a high base.
- Third, the recovery in regional demand will spur a rebound in the cluster of services that cater to the region including finance and trade.