Home News Singapore economy

Singapore narrows 2022 GDP forecast range to 3-4%

The Edge Singapore
The Edge Singapore8/11/2022 07:59 AM GMT+08  • 2 min read
Singapore narrows 2022 GDP forecast range to 3-4%
Singapore's Merlion Park. Photo: Samuel Isaac Chua
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Singapore has changed its 2022 GDP growth forecast to a narrower and lower range from 3–5% to 3-4%, given how the global economic environment has deteriorated since the last assessment.

For the 2Q, Singapore’s GDP was up 4.4% y-o-y, a slight pick up from the 3.8% y-o-y growth seen in 1Q. However, q-o-q, the second quarter was down 0.2% over the first, a reversal from the 0.8 per cent expansion in the first quarter.

The current consensus forecast of private sector economists, according to Bloomberg, is for a 3.8% growth this year.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.