S'pore's GDP growth expected to slow in 2022 amid uneven recovery

Singapore's economic growth will slow to between 3 per cent and 5 per cent next year amid an uneven recovery at home and lingering uncertainty over global growth, the Ministry of Trade and Industry (MTI) said yesterday.

Gross domestic product (GDP) growth this year will come in at around 7 per cent despite an unprecedented drop in the number of people - 196,400 - employed in the Republic, according to MTI data.

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A version of this article appeared in the print edition of The Straits Times on November 25, 2021, with the headline 'S'pore's GDP growth expected to slow in 2022 amid uneven recovery'. Subscribe