SINGAPORE (AFP) – Singapore said yesterday it will stick to its economic growth forecast for 2023 despite the slowdown last year, encouraged by China’s rapid re-opening after years of crushing zero-COVID policies. The city-state’s economic performance is often seen as a useful barometer of the global environment because of its reliance on trade with the […]
Read MoreSINGAPORE’S economy grew 3.6 per cent in 2022, revised down from January’s advance estimate of 3.8 per cent, data from the Ministry of Trade and Industry (MTI) showed on Monday (Feb 13). This was slower than 2021’s 8.9 per cent growth rate, which has been revised upwards from the earlier figure of 7.6 per cent. Fourth-quarter growth […]
Read MoreSINGAPORE – Singapore’s key non-oil domestic exports (Nodx), and total merchandise trade, which includes oil, are expected to post minus 2 per cent to 0 per cent growth this year, Enterprise Singapore (EnterpriseSG) said on Monday, maintaining its earlier forecast. This is as Nodx growth slowed to 3 per cent last year from 12.1 per […]
Read MoreSINGAPORE: Given that Budget 2023 falls on Valentine’s Day, Singaporeans can be forgiven for hoping for some love from the government as they wrestle with the impact of rising prices, increasing healthcare needs, a widening wealth gap and greater uncertainty in an age of rapid digitalisation. After three consecutive generous budgets, Finance Minister Lawrence Wong […]
Read MoreSINGAPORE – Real income growth remains muted, but sky-high inflation may have peaked, experts say. They were speaking to The Straits Times on 2022 household income figures released by the Singapore Department of Statistics (SingStat) on Thursday. Median monthly household income from work rose 0.2 per cent in real terms, or after adjusting for inflation, in 2022. […]
Read MoreSINGAPORE’S median monthly household income from work rose by a marginal 0.2 per cent in real terms in 2022 for resident employed households, just keeping ahead of high inflation, according to a Singapore Department of Statistics (Singstat) report on Thursday (Feb 9). This was a sharp slowdown from 2021’s real growth of 1.5 per cent. But […]
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