Singapore GDP growth to slow to 3-5% in 2022 after 7% gain this year

Gross domestic product growth in the first three quarters of 2021 was 7.7 per cent, MTI said. - ST

SINGAPORE (The Straits Times/Asia News Network): Singapore's economic growth will slow to between 3 per cent and 5 per cent next year amid an uneven recovery at home and lingering uncertainty over global growth, the Ministry of Trade and Industry (MTI) said on Wednesday (Nov 24).

MTI said gross domestic product (GDP) growth this year will come at around 7 per cent, the top end of an earlier forecast range of 6 per cent to 7 per cent, aided by export-oriented sectors led by manufacturing.