SINGAPORE’S external demand outlook for the rest of the year has weakened, with “growth likely to come in at around the mid-point” of the official forecast range of 0.5 to 2.5 per cent year on year, the Ministry of Trade and Industry (MTI) said on Thursday (May 25). This comes even as gross domestic product (GDP) growth in the first quarter, at 0.4 per cent year on year, turned out to be a notch higher than advance estimates of 0.1 per cent, MTI’s data showed. It also surprised private-sector economists, who had pencilled a 0.2 per cent year-on-year growth in Q1, a Bloomberg poll indicated. Still, GDP growth remained lower than the 2.1 per cent year-on-year expansion in Q4.   https://www.businesstimes.com.sg/singapore/singapore-gdp-grew-04-q1-full-year-growth-expected-mid-point-05-25-range (ICE SINGAPORE)

Fonte notizia: The Business Times, 25 May 2023