Singapore's GDP growth slows to 3.8% in 2022

City-state beats forecast but braces for further deceleration as exports slump

20230102 singapore

Singapore's growth is slowing as external demand weakens and geopolitical headwinds build. © Reuters

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- Singapore's economy grew 3.8% last year, driven by the lifting of COVID-19 border restrictions and the return of international visitors to the Asian financial hub, according to preliminary data released on Tuesday.

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