Singapore (VNA) - Singapore'seconomic growth may decline in the April-June period compared with the previousquarter because of the recently re-imposed coronavirus curbs, putting atrisk the full-year target of more than 6 percent, experts have said.
Earlier, thesecond-quarter expansion was expected to be the biggest in the four quarters ofthis year.
Chief economist ofthe DBS Bank Taimur Baig said Singapore had the makings of domestic andexternal demand complementing each other through April, but May and June wouldbe setbacks, which may well cause a quarter-on-quarter decline in activities.
Last month, theMonetary Authority of Singapore (MAS) said the city-state’s GDP growth mayexceed the upper end of the official 4-6 percent forecast range, barring asetback to the global economy.
However, if the surge in communitycases is contained by the middle of next month and relaxation of the curbsfollows, the economy may still achieve a decent growth./.