Singapore growth to moderate further next year, global inflation expected to ease

Ravi Menon, the managing director of the Monetary Authority of Singapore, speaks at a news conference in Singapore July 19, 2022. REUTERS/Anshuman Saga

SINGAPORE (Reuters) - Singapore's economic growth is expected to moderate further next year, tracking a slowdown in its major trading partners, while global inflation is expected to ease in 2023, the head of the city-state's central bank said on Tuesday.

"We are seeing a surge in inflation globally because a robust demand recovery post-COVID has run into supply-side frictions and, more recently, war-related disruptions," said Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS).