Singapore GDP

MTI narrows 2023 GDP growth forecast range to 0.5%-1.5% 

‘Weak external demand outlook’ for the rest of 2023 was cited as the reason for the move.

MTI narrows 2023 GDP growth forecast range to 0.5%-1.5% 

‘Weak external demand outlook’ for the rest of 2023 was cited as the reason for the move.

Economy slightly grows in 2Q23: flash estimates

It grew 0.7% YoY from 0.4% YoY in 1Q23.

Economy slows to 0.4% growth in Q1

The recovery of international visitor arrivals propels growth in accommodation and IT sectors.

GDP to expand 0.5% to 2.5% in 2023: MTI

External demand outlook has weakened as US, Eurozone economies decelerate.

Singapore's private consumption to recover in 2H23

RHB expects a 3.8% YoY consumption growth.

3 factors weighing down Singapore’s economic growth

Analysts expect full-year GDP growth to clock in at 1.4%, lower than the 2022 record.

SG likely to enter ‘technical recession’ in H1

Experts believe SG’s growth momentum will continue to slow in Q2.

Economic growth to slow down in 2023

UOB expects full-year GDP to grow by only 0.7%.

GDP growth to ease in 2023 at 0.5%-2.5%

In 2022, the economy expanded by 3.6%.

Possible recession in H1 23 is likely a ‘shallow one:’ RHB

This despite the further stress predicted in the first half of 2023.

How industries performed as Singapore economy growth eases

The economy eased by 4.1% in the third quarter of 2022.

Amidst weaker demand outlook, SG economy seen to grow by 0.5%-2.5% in 2023

There will be a global slowdown in semiconductors and wholesale trade.

Investors to get better assurance from Singapore despite macroeconomic woes

Economy grew by 4.8% year-on-year in the second quarter of 2022.

Economy grows by 4.8% YoY in Q2

However, growth on a quarter-on-quarter basis remained flat. 

Q1 GDP growth estimate may be revised up to 3.7% QoQ: analysts

The current flash estimate for Q1 GDP growth is 3.4%