Singapore: GDP outlook remains cautious – UOB – by pabspiovano Singapore GDP Banks
Key Takeaways
“The message from the MTI continued to be one of greater caution, especially on the moderation in externaland heightened external risks. It was noted that MTI has removed the mention of COVID-19 risks compared to its Aug report. MTI now expects GDP growth to “be around 3.5 percent” for 2023 and moderate to “0.5 to 2.5 percent” for 2023. GDP Outlook - With the 3Q22 outcome largely within our expectations, we keep our GDP growth outlook for Singapore at 3.5% for 2022, before easing to 0.
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