ECONOMIC OUTLOOK FOR 2021
"Since the Economic Survey of Singapore in August, the global economy has performed broadly in line with expectations," stated MTI. Domestically, journey and home restrictions have "continued to weigh" on the restoration of aviation- and tourism-related sectors similar to air transport and the humanities, entertainment and recreation sectors, in addition to the F&B sector and retail commerce sector. However, growth in sectors similar to electronics, in addition to finance and insurance coverage, has been stronger than anticipated, bolstered by "robust" demand for semiconductors, and insurance coverage and fund administration companies.The latest easing of border restrictions on the entry of migrant staff from South Asia and Myanmar can even alleviate a few of the ongoing labour shortages in the development and marine and offshore engineering sectors, and assist their restoration, stated the ministry.Stay Tuned with Sociallykeeda.com for more Entertainment information.