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Economy

Singapore expects 3-5% growth in 2022 amid 'uneven' COVID rebound

Forecast slower than this year's upgraded projection of 'around 7%'

A stretch of shuttered food stalls in Singapore on Nov. 3: The city-state expects its economy to keep recovering in 2022.   © Reuters

SINGAPORE -- The Singaporean government on Wednesday forecast a growth rate of 3% to 5% for 2022, predicting a continued rebound from COVID-19 as global borders gradually reopen and domestic restrictions ease.

The projected expansion, however, is slower than this year's forecast of "around 7%" -- a slight upgrade from the previous "6% to 7%" projection, after a 5.4% contraction in 2020.

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