Economists cut Singapore's 2023 growth forecast to 1pc.

Private sector economists have cut their forecast for Singapore's economic growth this year to 1 percent, down from an earlier projection in June of 1.4 percent. A slowdown in the external growth environment was cited as the top downside risk, with economists also flagging inflationary pressures and slowing growth in China. These findings were released on Wednesday (Sep 6) in the Monetary Authority of Singapore's (MAS) latest survey of professional forecasters. A total of 22 economists and analysts responded to the survey. The growth estimate of 1 percent in the latest survey falls within the Ministry of Trade and Industry's (MTI) GDP forecast of between 0.5 and 1.5 percent. This range was narrowed from a previous forecast of...