Analysts keep 2021 GDP estimates unchanged even after increase in official GDP forecast

Economists from DBS Group Research, JP Morgan, Maybank Kim Eng, OCBC Bank, RHB Group Research and UOB have kept their estimates for 2021’s GDP unchanged after the Ministry of Trade and Industry (MTI) announced that it has upped its growth forecast range to 6% to 7% for the year, from its previous range of 4% to 6%.