Singapore Q4 GDP expands 2.2% y/y, beating forecasts
Posted on AllSides January 2nd, 2023
From The Center
SINGAPORE, Jan 3 (Reuters) - Singapore's economy grew slightly more than expected in the fourth quarter from a year earlier, preliminary data showed on Tuesday.
Gross domestic product (GDP) expanded 2.2% in October-December on a year-on-year basis, the Ministry of Trade and Industry said in a statement. Eight economists polled by Reuters had expected growth of 2.1%.
For the full year of 2022, the economy grew 3.8%. The official forecast was 3.5%.
Reporting by Chen Lin; Polling by Devayani Sathyan and Dhruvi Shah; Editing by Sam Holmes