Singapore economy beats estimates but govt warns of global risks

Singapore’s economy posts a better-than-expected 0.4% growth in the first quarter of 2023. – EPA pic, May 25, 2023.

SINGAPORE’S economy posted better-than-expected results in the first quarter of this year, official data showed today, but the government warned that the global outlook remains gloomy.

The Southeast Asian city-state’s economic performance is often seen as a barometer of the global environment because of its reliance on international trade.

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