December 31, Singapore Prime Minister Lee Hsien Loong said in his New Year’s speech that after the worst economic recession since the founding of the People’s Republic of China, Singapore has begun to see signs of economic stabilization, and the economy is expected to rebound in 2021.
Lee Hsien Loong said that according to the forecast of the Ministry of Trade and Industry of Singapore, Singapore is expected to achieve 4% to 6% growth next year, the largest increase in a decade.
He said: “After the worst recession since the founding of the People’s Republic of China, Singapore expects the economy to rebound in 2021.
But the path to recovery will be uneven, and Singapore’s economy may also remain sluggish for a long time and it will be difficult to return to pre-COVID levels.”
However, Lee Hsien Loong still believes that not only the economic prospects have improved, but Singapore has also seen the dawn on the long and arduous road to fight against the epidemic.
He said that Singapore officially launched the coronavirus vaccination process on December 30, and 40 personnel from the National Center for Infectious Diseases have taken the lead in vaccination.
Lee Hsien Loong called on Singaporeans to continue to maintain self-discipline and do a good job in epidemic prevention measures.