Singapore's heightened alert for COVID-19 could dampen some key sectors of the economy, but experts said businesses will face a less severe impact as current measures are less restrictive than the previous circuit breaker. The economy grew by a better-than-expected 1.3% on-year in Q1. The government has maintained a growth forecast for 2021 at 4% to 6%. But that could change, depending on how the pandemic plays out. Analysts have warned that, if neighbouring countries continue to grapple with the pandemic, it could affect Singapore's export demand and labour.
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