Singapore Q3 GDP +1.1% q/q (expected 1.5%, prior +6.3%)

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Singapore Q3 GDP +1.1% q/q (expected 1.5%, prior +6.3%)

<p>For the y/y, +4.1%</p><ul><li>expected +4.3%, prior +4.4%</li></ul><p>From Singapore's MTI:</p><ul><li>
Narrows 2022 GDP growth forecast to around 3.5% (previous forecast:
3% to 4%)</li><li>Forecasts 2023 GDP
growth of 0.5% to 2.5%</li><li>Says for the rest of
2022, weaker external economic outlook will weigh on growth of
outward-oriented sectors in Singapore</li><li>Says growth
prospects of several sectors remain positive in 2023</li><li>Says growth of
outward-oriented sectors expected to weaken in 2023 in tandem with
deterioration in external demand conditions</li></ul><p>-</p><p>Re 'external economic outlook', this is a reference in particular to the mismanagement in China, a key component of Singapore's external sector. </p><p>SGD update:</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Singapore Q3 GDP +1.1% q/q (expected 1.5%, prior +6.3%)

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