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Al Jazeera
Al Jazeera
Business

Singapore economy beats estimates as government warns of risks

Economy Singapore Interest Rates Ukraine
Singapore's economy grew 0.4 percent in the first quarter of 2023 [File: Wallace Woon/EPA-EFE]

Singapore’s economy expanded by 0.4 percent in the first quarter amid government warnings of a gloomy outlook for the global economy.

The Southeast Asian city-state’s economic performance for the January-March period was better than expected but fell short of the 2.1 percent growth recorded in the previous quarter.

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