哈希游戏
热门标签

皇冠体育app(www.hg9988.vip):Singapore narrows GDP forecast after 2Q shrinkage

时间:2周前   阅读:2   评论:2

皇冠体育appwww.hg9988.vip)是一个开放皇冠网址即时比分、皇冠网址代理最新登录线路、皇冠网址会员最新登录线路、皇冠网址代理APP下载、皇冠网址会员APP下载、皇冠网址线路APP下载、皇冠网址电脑版下载、皇冠网址手机版下载的皇冠体育app官方下载平台。

Slowing momentum: A cyclist rides across Cavenagh bridge near the financial business district of Raffles Place in Singapore. The country’s officials are bracing for further volatility in the global economy. — AFP

SINGAPORE: Singapore trimmed its 2022 growth forecast to reflect an increasingly challenging global environment, after the economy slipped into contraction in the second quarter.

Final data for the June quarter showed gross domestic product shrank 0.2% from the previous three months, and worse than the zero growth estimated by the Trade and Industry Ministry (MTI) earlier.

It also narrowed the full-year projection to a range of 3%-4% from 3%-5% seen before.

The MTI flagged risks to global recovery from aggressive monetary policy tightening as well as China’s ongoing struggles with Covid-19 and a property market downturn.

“Downside risks in the global economy remain significant,” Gabriel Lim, MTI’s permanent secretary, said in a briefing after the release.

Lim cited potential further escalation in Russia’s war in Ukraine, which would worsen inflation and global growth prospects, as well as financial instability caused by tighter monetary policies in advanced economies and possible further geopolitical tensions in Asia.

,

环球UG官网www.ugbet.us)开放环球UG代理登录网址、会员登录网址、环球UG会员注册、环球UG代理开户申请、环球UG电脑客户端、环球UG手机版下载等业务。

,

The trade-reliant city-state has sought to stave off further damage to its post-Covid growth recovery, stemming especially from supply-driven price shocks, through a combination of monetary policy tightening and targeted subsidies to aid the most vulnerable households.

Singapore officials are bracing for further volatility in a global economy that the International Monetary Fund warned is on the brink of recession.

“The bigger question is what is the 2023 outlook,” said Selena Ling, head of Treasury Research & Strategy at Oversea-Chinese Banking Corp. “Will there be recession in the major economies that will drag the global and Asian growth prospects down further?”

The trade ministry data also showed the economy grew 4.4% in the second quarter from a year ago, compared with an earlier estimate of 4.8% expansion. The government expects “slight” quarter-on-quarter growth for the remainder of the year, ruling out a technical recession, according to MTI.

Monetary policy is still appropriate after the tightenings this year, Edward Robinson, deputy managing director for the Monetary Authority of Singapore, said at the briefing.

But “significant uncertainties” remain on the inflation outlook and third quarter will be a critical time to watch those pressures, he said. The closely-watched core inflation print is seen to “rise a bit” this quarter, Robinson said. — Bloomberg


转载说明:本文转载自Sunbet。

上一篇:足球免费贴士(www.ad168.vip):炒包菜时直接炒就行了,做好4个细节,包菜脆嫩不出水,香辣入味

下一篇:玩三公技巧十大口诀(www.eth108.vip)

网友评论