Singapore Economic Expansion Moderates As Global Economy Slows

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The Singapore economy grew at a pace of 3.8% year-on-year (y/y) in 2022, helped by the significant easing of pandemic-related restrictions. However, Singapore’s manufacturing sector faced increasing headwinds during the second half of 2022 due to the slowdown in the US, EU, and mainland China.

Singapore economy shows some moderation

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