IMF lowers Singapore's GDP growth forecast to 3.7% this year

IMF lowers Singapore’s GDP growth forecast to 3.7% this year

The International Monetary Fund (IMF) has cut its economic growth forecast for Singapore to 3.7% this year. This is down from its forecast of 4% GDP growth that it made in May. The IMF country report also said headline inflation…

Singapore's core inflation rises to 3.6% in May, highest in more than 13 years

Singapore’s core inflation rises to 3.6% in May, highest in more than 13 years

Singapore’s core inflation has surged to a 13-year high, driven by rising prices of food and utilities. It was 3.6% in May on a year-on-year basis. Including private transport and accommodation costs, headline inflation accelerated to 5.6%. All sectors saw…

Singapore's core inflation rises to 10-year high of 2.9% in March

Singapore’s core inflation rises to 10-year high of 2.9% in March

Singapore’s inflation is at its highest in a decade, driven up by prices for food and services. Overall inflation, which includes accommodation and private transport costs, came in at 5.4% for March, higher than February’s 4.3%. Core inflation jumped to…

Singapore's core inflation rises to 2.1% in December; prompts review of 2022 forecasts

Singapore’s core inflation rises to 2.1% in December; prompts review of 2022 forecasts

Singapore is reviewing its inflation forecasts due to significant uncertainty over its outlook in the near term. This comes as the country’s core inflation in December rose faster than projected, climbing 2.1% from a year earlier. Core inflation excludes accommodation…

Singapore inflation up 3.8% in November, fastest in over 8 years

Singapore inflation up 3.8% in November, fastest in over 8 years