Singapore Q1 GDP (final) -0.4% q/q
- expected -2.5%, prior +0.1%
Singapore’s MTI maintains 2023 GDP growth forecast at +0.5% to +2.5%, with growth likely to come in at around mid-point of the range
- Says Singapore's external demand outlook for rest of the year has weakened
- Says growth outlook for aviation and tourism-related sectors of economy remains positive
- Says outlook for manufacturing and other trade-related sectors of economy has weakened
