SINGAPORE

Singapore expects gross domestic product to expand by 3% to 5% next year, a slower pace than the expected 7% growth this year, as the rebound from the worst of the pandemic steadies. Manufacturing and trade will remain strong on robust external demand, said Gabriel Lim, permanent secretary of the Ministry of Trade and Industry, adding that downside risks globally include supply bottlenecks and a resurgence in infections. The travel, consumer and construction sectors will show a recovery, though activity levels may not reach pre-Covid levels next year, he said.