Singapore Economy Recovering on Containment, Support: AMRO
By Low De Wei
(Bloomberg) —
Singapore’s economy is continuing to recover from last year’s sharp contraction, driven by virus containment measures, vaccine rollout and policy support for businesses and households, the Asean+3 Macroeconomic Research Office said in a media briefing Monday.
- 2022 GDP forecast unchanged at 4%, in line with median estimates
- Both headline inflation and core inflation are expected to “increase moderately” this year due as oil prices rebound and economic activity picks up: AmroM
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