Transforming to emerge stronger. With a structural slowdown in GDP growth driving a sharp decline in returns for corporates, we see a need to accelerate on economic restructuring to enable Singapore to emerge stronger post the COVID-19 pandemic. In this report, we evaluate potential growth opportunities and how Singapore could tap these trends. Singapore’s growth opportunities. To benefit from these opportunities, we believe Singapore needs to: (1) drive technological innovation as digital transformation has a more widespread impact, (2) spearhead the clean energy movement through smart green solutions and shifting its manufacturing base towards renewables, (3) serve as a regional financial, transport and logistics hub to tap rapid trade growth in ASEAN, (4) develop a more vibrant SME eco-system by encouraging entrepreneurship, and (5) raise workforce productivity to drive higher wages across all income segments.