Economists’ forecasts down for Singapore’s 2022 growth, up for inflation; 4.8% growth seen in Q2

PRIVATE-SECTOR economists have raised their full-year forecasts for Singapore’s inflation and lowered them for growth.

However, they expect 4.8 per cent growth in the second quarter, up from 3.7 per cent in Q1, going by the latest survey of professional forecasters published by the Monetary Authority of Singapore on Wednesday (Jun 8).

Though somewhat gloomier, the changed full-year expectations are still within official forecast ranges for both inflation and growth.