The flash estimates for Singapore’s GDP in the last quarter came ahead of Bloomberg’s estimate of 2.1% y-o-y.
Analysts are expecting Singapore’s GDP growth momentum in 2023 to moderate even after the country’s flash estimates for the full year in 2022 stood within the official growth forecast of 3% to 4%.
On Jan 3, the Ministry of Trade & Industry (MTI) announced that Singapore’s GDP grew by 2.2% on a y-o-y basis in the 4Q2022 and by 3.8% for the full year in 2022.
