Weighed down by a weakening global economy, Singapore’s economy is expected to grow at a moderate pace in 2023. Inflation has moderated from 6.1% in 2022, but is likely to remain elevated in the near term.

Weighed down by a weakening global economy, Singapore’s economy is expected to grow at a moderate pace in 2023. Inflation has moderated from 6.1% in 2022, but is likely to remain elevated in the near term.








