© Reuters. FILE PHOTO: Shoppers browse merchandise in a shopping mall on Orchard Road, in Singapore December 23, 2022. REUTERS/Isabel Kua
SINGAPORE (Reuters) – Singapore’s economy grew slightly more than expected in the fourth quarter from a year earlier, preliminary data showed on Tuesday.
Gross domestic product (GDP) expanded 2.2% in October-December on a year-on-year basis, the Ministry of Trade and Industry said in a statement. Eight economists polled by Reuters had expected growth of 2.1%.
GDP grew 0.2% on a quarter-on-quarter seasonally adjusted basis in October-December.
For the full year of 2022, the economy grew 3.8%. The official forecast was 3.5%.
