Singapore economy still on track to grow, despite Omicron risk

SINGAPORE is still headed for positive economic growth in 2022, but the potential hit from the highly mutated new Covid-19 variant remains to be seen, economists told The Business Times, as the global spread of Omicron is expected to put the brakes on international border reopenings.

Steven Cochrane, chief Asia-Pacific economist at Moody's Analytics, said "Singapore's economy is expected to enjoy steady growth throughout 2022", with no quarterly downturns in the near-term forecast.

The Ministry of Trade and Industry (MTI) has forecast that gross domestic product (GDP) will grow by 3 per …

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