Singapore Q4 GDP Expands 2.2% y/y, Beating Forecasts

MACROECONOMICS - SINGAPORE. Singapore's economy grew slightly more than expected in the fourth quarter from a year earlier, preliminary data showed on Tuesday.

Gross domestic product (GDP) expanded 2.2% in October-December on a year-on-year basis, the Ministry of Trade and Industry said in a statement. Eight economists polled by Reuters had expected growth of 2.1%.

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GDP grew 0.2% on a quarter-on-quarter seasonally adjusted basis in October-December.

For the full year of 2022, the economy grew 3.8%. The official forecast was 3.5%.