Risks include further supply-chain disruptions, higher commodity prices, and weaker trade

Singapore’s impressive recovery from the pandemic is outperforming similar economies, with total output exceeding pre-crisis levels last year, but the rebound has also been uneven. 

Decisive policy responses, like the Jobs Support Scheme, helped minimize economic scarring, while rapid vaccinations and long-standing robust economic fundamentals helped Singapore navigate global challenges. However, sectors like tourism, aviation, construction, and in-person services are still lagging.

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