While the advance GDP growth stood higher than Bloomberg’s poll of 3.5%, DBS Group Research’s senior economist Irvin Seah sees Singapore’s growth momentum potentially easing in the coming quarters.
Analysts are mixed on their GDP forecasts for 2022 and 2023 after the Ministry of Trade and Industry (MTI) revealed that Singapore’s GDP for the 3Q2022 stood at +4.4%, according to flash estimates.
The growth during the third quarter meant that the country had avoided a technical recession, which refers to seeing two straight quarters of negative GDP growth.
