Singapore Q1 economic growth 0.7% q/q (expected 0.8%) and 3.7% y/y (expected 3.7%)

Singapore January to March 2022 GDP

+0.7% q/q

• expected 0.8%, prior 1.4%

+3.7% y/y

• expected 3.7%, prior 3.4%

Singapore's Ministry of Trade and Industry says its held on to its 3 to 5% GDP forecast for the year, but growth is likely to come in at the lower end of that range.