Economy

About 950,000 HDB flats residents will get vouchers in January and February 2023.

The budget also confirms the substantial progress towards fiscal consolidation in FY21.

Moody’s Analytics expects the economy to grow by 4.6% in 2022.

This is given the unfavourable base effect and the moderation of global growth and trade levels.

Maybank and OCBC also echoed this outlook for the upcoming year.

2021 STI leaders were Yangzijiang Shipbuilding, DBS Group Holdings, and Hongkong Land.

This would mean a total of $148.4b household spending.

The transport expenditure saw the highest increase at 9.6% YoY.

But a high risk of inflation overshooting.

The Singapore economy expects a strong rebound but the outlook still remains uncertain.

Switzerland swipes Singapore's crown in IMD's World Competitiveness Rankings.

Private-sector economists polled by the Monetary Authority of Singapore expect higher growth, faster inflation in 2021.

GDP in the region is expected to rebound to 4.8% in 2021, from a 4.1% contraction last year.