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Reuters
Reuters
Business
By Anshuman Daga and Chen Lin

Singapore growth to moderate further next year, global inflation expected to ease

Ravi Menon, the managing director of the Monetary Authority of Singapore, speaks at a news conference in Singapore July 19, 2022. REUTERS/Anshuman Saga

Singapore's economic growth is expected to moderate further next year, tracking a slowdown in its major trading partners, while global inflation is expected to ease in 2023, the head of the city-state's central bank said on Tuesday.

"We are seeing a surge in inflation globally because a robust demand recovery post-COVID has run into supply-side frictions and, more recently, war-related disruptions," said Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS).

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