Certain sectors – especially travel and travel-related ones – are likely to remain under pressure and will continue to weigh on the economy, considering travel restrictions are unlikely to be lifted till later in the year.
The Monetary Authority of Singapore (MAS) is expected to keep its “relatively accommodative” policy settings on hold for the rest of 2021, says Fitch Solutions.
This is to avoid derailing the ongoing economic economy, which is “not as strong” as seen due to the low base effects in 2020.
