Singapore’s GDP grew by 2.1% y-o-y in 4Q2022, moderating from the 4% expansion in the previous quarter. The GDP for the 4Q2022 brings the country’s full-year GDP to 3.6%, down from the Ministry of Trade and Industry’s (MTI) flash estimate of 3.8% and moderating from the 8.9% growth in 2021.
Quoteworthy: "It takes its toll on you and those around you." — First Minister of Scotland Nicola Sturgeon resigned on Feb 15 after more than eight years in the role
GDP grew by 3.6% last year; 2023 growth is forecast at 0.5% to 2.5%
