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 slows in Q123
The economy grew 0.1% YoY.
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.
Economy grows at faster pace in Q2
It grew 4.4% from 3.8% in Q1.
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%
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