SINGAPORE: The Singapore economy grew by 3.7 per cent on a year-on-year basis in the first quarter of 2022, moderating from the 6.1 per cent expansion in the previous quarter, the republic’s Ministry of Trade and Industry (MTI) said.
In releasing the republic’s Economic Performance in First Quarter 2022 today, the ministry also maintained the 2022 gross domestic product (GDP) growth forecast at 3.0 to 5.0 per cent, with expansion likely to come in at the lower half of the forecast range.
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