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Analysts warn of slower growth, Maybank's 2022 GDP forecast below MTI's band

Jovi Ho
Jovi Ho5/26/2022 03:23 PM GMT+08  • 6 min read
Analysts warn of slower growth, Maybank's 2022 GDP forecast below MTI's band
“We think global headwinds will overwhelm and dampen the reopening tailwind.”
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Singapore faces slower growth ahead, as the Ministry of Trade and Industry (MTI) warned that 2022 GDP growth will come in at the lower half of the 3%-5% forecast range.

Warning of “emerging downside risk”, DBS Group Research senior economist Irvin Seah places the full-year growth figure at 3.5%.

“Final GDP figures for the first quarter announced today saw economic growth momentum easing amid increasing external headwinds,” writes Seah in a May 25 note.

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