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

Tessa Oh

Tessa Oh

Published Wed, Jun 8, 2022 · 12:00 PM
    • Private-sector economists now expect headline inflation to hit 5 per cent, and core inflation to reach 3.4 per cent for the full year.
    • Private-sector economists now expect headline inflation to hit 5 per cent, and core inflation to reach 3.4 per cent for the full year. The Straits Times

    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.

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    Singapore economySingapore inflationMonetary Authority of Singapore

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