Singapore lifts Q1 GDP growth to 3.7% as inflation concerns mount

Trade officials warn 2022 result likely to be in 'lower half' of 3-5% range

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Singapore is feeling the impact of inflation, with its main price gauge rising at the fastest pace in a decade. © Reuters

DYLAN LOH, Nikkei staff writer

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.

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