Singapore Sees Growth Exceeding 2% in 2017 as Exports Climb

Singapore’s government gave an upbeat outlook on the economy, saying it will probably expand more than 2 percent this year as exports continue to strengthen.

Singapore’s economy is rebounding on the back of a recovery in export demand, led by China. That’s helping to underpin manufacturing, primarily of electronics, though domestic-focused industries, such as retail and construction, remain under pressure. The main risks to the outlook flagged by the government are rising trade protectionism and a downturn in China amid measures to curb debt.