, Singapore
161 views

Chart of the day: Professional forecasters predict 4.8% economic growth in Q2

They expect GDP to expand by 3.8% by the end of 2022.

This chart from the Monetary Authority of Singapore’s (MAS) Survey of Professional Forecasters shows the economic growth median forecast of 26 economists and analysts who closely monitor the Singapore economy compared to the actual result.

MAS said that in the first quarter of 2022 the economy expanded by 3.7% year-on-year. This was in line with the respondents’ median forecast in the previous survey. In the current survey, respondents expect the economy to grow by 4.8% in the second quarter of 2022.

Meanwhile, the respondents expect the gross domestic product to expand by 3.8% in 2022, down from 4% in the previous survey. 

“As reflected in the mean probability distribution, the most likely outcome is for the Singapore economy to grow by 3% to 3.9% this year, with an average probability of 43.6%,” MAS said.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!