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Singapore’s economy likely to grow moderately in 2022

SINGAPORE, May 25 (Xinhua) — Singapore’s Ministry of Trade and Industry (MTI) announced on Wednesday that it continues to expect the Singapore economy to grow by 3-5 percent in 2022, with growth likely to come in at the lower half of the forecast range.

The forecast was made taking into account the performance of the Singapore economy in the first quarter, as well as the latest global and domestic economic deve