MAS expects slower but 'above-trend' growth in 2022

Singapore

SINGAPORE'S economic growth in 2022 is expected to be slower than in 2021, but still above trend, the Monetary Authority of Singapore (MAS) said in its latest Macroeconomic Review on Thursday (Oct 28).

While the MAS did not put a number to "above-trend growth", private-sector economists' estimates of Singapore's pre-Covid trend growth tend to land between 2 and 4 per cent. The MAS' full-year growth expectation for 2021 remains at 6 to 7 per cent.