In the current survey, respondents expect the economy to grow by 3.9% in 3Q2022.
Singapore’s gross domestic product (GDP) is tipped to expand by 3.5% in 2022, according to market watchers in the Monetary Authority of Singapore’s (MAS) September survey of professional forecasters. This comes after the 4.4% GDP expansion seen in the 2Q2022, which stood below the respondents’ median forecast of 4.8% in the June survey.
The new estimate is lower than the 4.0% forecast stated in MAS’s March survey and the 3.8% forecast in the June survey. Within the key macroeconomic indicators, the respondents see lower y-o-y growths for the finance & insurance, construction and wholesale & retail trade industries.
