SINGAPORE — Singapore’s economy is expected to see slower growth of 0.5 to 2.5 per cent in 2023, compared to a forecasted 3.5 per cent growth in 2022 — narrower than a previous estimate of between 3 and 4 per cent — said the Ministry of Trade and Industry (MTI) on Wednesday (Nov 23).
In its quarterly Economic Survey of Singapore, MTI added that on a quarterly basis, the Republic’s economy grew at a slower pace of 4.1 per cent year-on-year in the third quarter, down from 4.5 per…