Singaporean economy to grow 3%-5% this year

By Xinhua News Agency

May 26, 2022 12:04 am

SINGAPORE: Singapore's Ministry of Trade and Industry said on Wednesday it expected the Southeast Asian island state's economy to expand by 3 percent to 5 percent this year, with the actual figure likely to hit at the lower end of the range.

The ministry made the forecast after taking into account the performance of the country's economy in the first quarter, and global and domestic economic developments.

ICONIC IMAGERY This April 7, 2022 file photo shows the Marina Bay Sands hotel in the distance and the Merlion statue sprouting water at the park bearing its name in Singapore. XINHUA PHOTO

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Microsoft retires Skype, internet call pioneer

Bitcoin drops below $90,000 for the first time

HP tops quarterly revenue estimates

Dell forecasts decline in annual margin

Monster Beverage beats Q4 sales estimates

Chery applies for Hong Kong IPO

Hikvision fails to overturn US ban