News Snapshot:
SINGAPORE - Singapore is headed for a troubling year in which economic growth will slow while inflation will remain elevated, in part because wage increases are expected to continue. Global prices may come off their recent peaks but inflation here will remain higher next year than the historical average, said the Monetary Authority of Singapore (MAS) on Thursday in its biannual Macroeconomic Review. Meanwhile, the pace of economic growth will slow further in 2023 as pent-up demand at home from economic reopening and external demand for Singapore’s key electronics exports fade. While the report shows that Singapore does not face...
