Economy

Singapore cuts GDP growth for 2022 to 3.6% as demand sags

City-state keeps 0.5-2.5% forecast for 2023 amid global 'uncertainties'

20230211 singapore skyline

Singapore faces weaker external demand amid slower growth in major trading partners. © Reuters

TSUBASA SURUGA, Nikkei staff writer
February 13, 2023 09:10 JST
Updated on February 13, 2023 10:34 JST

SINGAPORE -- Singapore on Monday revised its economic growth rate for 2022 to 3.6% on the year, down from the preliminary estimate of 3.8% amid weaker external demand.

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