Singapore’s Q4 GDP rises 2.2% YoY, beating forecasts

Gross domestic product (GDP) rose 2.2% in October-December year-on-year, the trade and industry minister said in a statement. Eight economists polled by Archyde.com had forecast growth of 2.1%.

GDP increased by 0.2% quarter on quarter seasonally adjusted in October-December.

For the whole of 2022, the economy grew by 3.8%. The official forecast was 3.5%.