Singapore's GDP growth eases in Q1, but economists still positive

Singapore

THOUGH Singapore's economy eased in the first quarter of 2022, most private-sector economists are still optimistic about its overall economic outlook and expect growth to pick up as soon as the next quarter.

However, economists Chua Hak Bin and Lee Ju Ye from Maybank took a more pessimistic view. They expect the Ministry of Trade and Industry (MTI) to downgrade its gross domestic product (GDP) forecast range to 2 to 4 per cent, from 3 to 5 per cent, when the final Q1 estimate is released.