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Singapore's GDP sees slower growth of 3.4% in 1Q2022

Felicia Tan
Felicia Tan4/14/2022 08:43 AM GMT+08  • 3 min read
Singapore's GDP sees slower growth of 3.4% in 1Q2022
The figure represents a moderation from the 6.1% growth seen in the 4Q2021. Photo: Samuel Issac Chua/The Edge Singapore
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Singapore’s GDP has expanded by 3.4% y-o-y in the 1Q2022, according to advance estimates released by the Ministry of Trade and Industry (MTI) on April 14.

The figure represents a moderation from the 6.1% growth seen in the 4Q2021, and comes in lower than the 3.8% forecast by economists in a Bloomberg poll

On a q-o-q seasonally-adjusted basis, the economy expanded by 0.4%, slower than the growth seen in the previous quarter.

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