On a q-o-q seasonally adjusted basis, the economy expanded by 1.5%, which marks a turnaround from the 0.2% contraction in the quarter before. Singapore’s overall GDP in the 2Q2022 expanded by 4.5%, a change from the previous reading of 4.4%.
Singapore’s economy grew by 4.4% y-o-y in the 3Q2022, according to flash estimates released by the Ministry of Trade and Industry (MTI) on the morning of Oct 14.
This surpassed economists’ expectations of a 3.9% growth according to the Monetary Authority of Singapore’s (MAS) September survey of professional forecasters in September.
