As lagging sectors close recovery gap in 2022, inflation could be new risk
DBS economists see broader developments in China as the largest risk to Singapore's growth in the next 6 to 12 months
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If 2021 was a tale of 2-speed recovery for Singapore, then 2022 should see the laggards finally catching up - assuming that Covid-19 complications do not derail this. But as growth stabilises, inflation is emerging as a new risk.
The official gross domestic product (GDP) growth forecast range for 2022 is 3 per cent to 5 per cent, slowing from this year's predicted growth of around 7 per cent.
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