Singapore central bank poll of economists sees 2023 GDP growth at 3%

By Reuters

Singapore's economy is expected to grow 3% in 2023, as the city-state gradually reopens its borders to international travel, a survey of economists conducted by the city-state's central bank showed on Wednesday. The most cited downside risk to Singapore's growth outlook was a sharper-than-expected pickup in inflation and an associated acceleration in monetary policy tightening by top central banks, the survey of 23 economists by the Monetary Authority of Singapore (MAS) showed. Trade-reliant Singapore has registered near decade-high inflation rates recently, driven mainly by higher food and energy prices.

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