Macro - Country Economic Forecasts - Singapore

Macro - Country Economic Forecasts - Singapore

We have maintained our 2022 and 2023 GDP growth forecasts for Singapore at 3.3% and 2.3%, respectively, as Q1 2022 GDP numbers landed within our expectations. Domestically, a significant easing of Covid-related restrictions will boost private consumption and tourism from Q2 forward. But with a weak external environment, rising price pressures, and a hawkish central bank, downside risks to growth persist.


Singapore: Q1 GDP lands within expectation, but downside risks remain
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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