singaporesingapores economy is likely to expand at a faster pace this year than previously expected as quicker growth in manufacturing nonoil domestic exports private consumption and finance and insurance outweigh slower growth in areas such as construction a central bank survey showed wednesday gross domestic product is expected to rise 66 in 2021 according to the median projection of external professional forecasters in the monetary authority of singapores september survey that compares with the june surveys forecast for a 65 expansion economists raised their manufacturing growth forecast for the year to 114 from 83 and their prediction for finance and insurance expansion to 68 from 60 they also increased their projection for nonoil domestic exports growth to 90 from 75 and their forecast for private consumption expansion to 56 from 52 the median forecast for construction growth was lowered to 166 from 193 the economists also cut their growth estimates for wholesale and retail trade to 41 from 44 and for accommodation and food services to 59 from 65 the mas said wednesday that 24 economists and analysts responded to the latest quarterly survey the results of which dont represent the central banks views or forecasts singapores consumerprice index is expected to rise 17 this year up from the 14 increase forecast previously core cpi is likely to rise 07 this year compared with the 08 gain predicted in the prior survey the us dollarsingapore dollar exchange rate is forecast at 13300 for end2021 up from 13130 projected in the june survey