SINGAPORE -- Singapore on Thursday revised its second-quarter growth rate downward to 4.4%, from the preliminary 4.8%, citing a deteriorating global economic environment.
Amid concerns over persistent inflation, disruptions from Russia's invasion of Ukraine, and China's struggle to contain COVID-19 outbreaks with its zero-infection approach, trade officials also lowered their expectations for full-year gross domestic product growth to between 3% and 4%, narrowing the previous range of 3% to 5%.
