Singapore narrows 2022 GDP growth forecast to 3-4 per cent, says trade and industry ministry


SINGAPORE, Aug 14 (Bernama): Singapore's Ministry of Trade and Industry (MTI) announced on Thursday that it has narrowed the gross domestic product (GDP) growth forecast for 2022 to 3-4 per cent from 3-5 per cent, reported Xinhua this week.

The adjustment was made taking into account the performance of the Singapore economy in the first half of 2022, as well as the latest global and domestic economic developments, the ministry said.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Singapore , GDP 2022 , narrow forecast

Next In Aseanplus News

Cambodia's much-loved elephant ‘Sakor’ passes away after short illness at rescue centre
Ocean drones deployed to monitor Southern Ocean carbon uptake
Vietjet to install Starlink internet on 120 aircraft
China-Laos "Peace Train-2026" mission successfully concludes
Coral reproduction study sheds light on reef recovery
India takes battle against junk food to shops near schools
Indonesia court reduces Gojek founder's sentence to nine years in appeal hearing
Man jailed for abandoning 71 cats in Singapore's Bukit Panjang flat for two years; nine of them found dead
Sri Lanka China Society celebrates 45 years, pledges greater role in Sri Lanka-China relations
Aircraft tyre comes off while landing in West Nepal

Others Also Read