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.