Singapore Economy Grows More Than Expected In 2022
Posted on AllSides January 2nd, 2023
From The Center
Singapore's economy grew more than expected last year but much slower than in 2021, official data showed Tuesday, as analysts warned of weaker growth ahead owing to an expected recession in key markets. While the 3.8 percent on-year expansion was welcome, it was weighed by a 3.0 percent contraction in the key manufacturing sector in the final three months. Growth in the fourth quarter came in at 2.2 percent, sharply down from 4.2 percent in July-September, according to advance estimates by the trade ministry. Exports for computer chips and other...
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