Bank of Singapore Expects GDP Growth of 4% this Year

The Monetary Authority of Singapore (MAS) released its survey of economists and analysts today, projecting that Singapore’s gross domestic product (GDP) will grow by 4% this year, unchanged from an earlier survey in December.

Economists and analysts expect Singapore’s economy to grow by 3.7% year-on-year in 1Q22. In Q4 2021, GDP grew by 6.1% year-on-year.

In terms of inflation, economists and analysts surveyed predicted that the consumer price index (CPI) is expected to increase by 3.6% in 2022, and core inflation (excluding housing costs and private transportation costs) is expected to reach 2.7%.

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