People walk and cycle on a bridge leading away from the Merlion statue in the Marina Bay area of Singapore on Saturday, 22 May 2021.

Joseph Nair | NurPhoto | Getty Images

SINGAPORE — Singapore’s economy is expected to grow between 6% and 7% this year, the country’s trade and industry ministry said Wednesday.

The latest economic forecast is an upgrade from the previous projection range of 4% to 6%.

The revision comes as the Singapore economy grew 14.7% in the second quarter of 2021 from a year ago.

That’s better than official advance estimates of a 14.3% expansion, and the 14.2% year-on-year growth projected by analysts in a Reuters poll.

But compared with the previous quarter, the Singapore economy contracted by 1.8% in the April-to-June period, the trade and industry ministry said.

This is breaking news. Please check back for updates.

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