Singapore Q1 GDP (final) -0.4% q/q (expected -0.6%) and +0.4% y/y (expected +0.2%) | Forexlive

Singapore Q1 GDP (final) -0.4% q/q

• expected -2.5%, prior +0.1%

Singapore’s MTI maintains 2023 GDP growth forecast at +0.5% to
+2.5%, with growth likely to come in at around mid-point of the range

• Says Singapore’s
  external demand outlook for rest of the year has weakened
• Says growth outlook
  for aviation and tourism-related sectors of economy remains positive
• Says outlook for
  manufacturing and other trade-related sectors of economy has weakened