Wednesday, August 17, 2022
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Singapore downgrades development outlook

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SINGAPORE -Singapore’s economic system expanded lower than initially estimated within the second quarter and the federal government revised its development projections for 2022 decrease, flagging dangers to the worldwide outlook from the Ukraine struggle and value pressures.
Gross home product (GDP) grew 4.4 % year-on-year within the second quarter, the Ministry of Commerce and Trade (MTI) mentioned, slower than the 4.8 % development seen within the authorities’s advance estimate.

“Draw back dangers within the international economic system stay vital…additional escalations within the Russia-Ukraine battle may worsen international provide disruptions and exacerbate inflationary pressures via greater meals and vitality costs,” mentioned Gab…

Carry on studying: Singapore downgrades development outlook

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