Committee of Supply (COS) 2021
Our economy has seen signs of recovery since the depths of the COVID-19 pandemic last year. However, economic activity in sectors such as aviation and tourism will remain below pre-COVID levels for some time. While recovery across sectors is expected to be uneven, we are cautiously optimistic that the recovery of the overall Singapore economy will continue at a steady, albeit gradual, pace in the year ahead.
MTI will continue to press on with our economic strategies to ensure that Singapore is in a good position for recovery once the COVID-19 situation stabilises, and to allow all Singaporeans to seize the opportunities to redefine our competitive edge. We will emerge stronger together, with all of us coming together to build a stronger economy.