BEAMSTART Logo

Amro cuts its Singapore economic growth forecast on war in Ukraine, China slowdown

The Straits Times LogoThe Straits Times1 mo ago

Amro cuts its Singapore economic growth forecast on war in Ukraine, China slowdown

Quick Summary AI Powered

July 05, 2022 10:45 AM - Singapore's economy will grow less this year than previously estimated and may expand at a much slower pace in 2023.

Singapore's Minister of State for Trade and Industry Alvin Tan told Parliament on Monday that growth will slow this year and next but the Republic will avoid recession or stagflation.

The report said the war in Ukraine and sanctions on Russia are set to persist and will continue to exacerbate global supply chain woes that have led to higher global prices for fuel and food, causing inflation to accelerate across Asean+3.


More Pictures


or

Article Details

Category: Economy

Topics: Growth Singapore Asean+3 Cent 2022 Forecast Region 2023 Grow Year Amro

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-05, 10:45:00

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 5 minutes read

Article Length: 811 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 30264

View Article Analysis

About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.