Скачать или смотреть Singapore's 2023 economic growth forecast to slow to 0.5% to 2.5% amid global uncertainties

Singapore's economy is likely to narrowly miss a recession next year. Growth is expected to slow to between 0.5% and 2.5%, compared to the estimated 3.5% this year. This, even as third quarter growth came in at 4.1%. The F&B industry dished out more than 30% growth on-year, making up 5.8% of the expansion in the services sector. Construction also continued on its seventh consecutive quarter of growth, reaching 7.8% as output rose. But the manufacturing sector lost its shine, notching a mere 0.8%. This is set to continue next year and spillover to more industries as exports slump.

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