Slower pace: The Singapore skyline is set against gathering storm clouds. The city-state has ruled out a recession but says gross domestic product growth next year will probably fall to between 0.5% and 2.5%. — Reuters
SINGAPORE: Singapore expects economic growth to decelerate sharply next year amid a global slowdown, even as the city-state rules out a recession.
Gross domestic product (GDP) growth will probably slow to between 0.5% and 2.5% in 2023, according to estimates released by the Trade and Industry Ministry (MTI) yesterday.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
