SINGAPORE -- Singapore is sticking to its economic growth forecast for this year even as the Russia-Ukraine war drives inflation and casts a shadow over the city-state's economic recovery from COVID-19, the government said on Wednesday.
The Ministry of Trade and Industry said it was keeping its projection of annual gross domestic product growth at between 3% to 5%, although the result is "likely to come in at the lower half of the forecast range." For the January-March period, it revised its growth result to 3.7%, a touch higher than the preliminary figure of 3.4% announced in April.
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