Singapore narrowed its growth projection for the current year citing subdued foreign demand but the pace of expansion is forecast to improve next year with the recovery in global economies.
Given its performance in the first three quarters as well as the external and domestic conditions, the Ministry of Trade and Industry said the economy is set to grow around 1.0 percent this year, compared to its previous outlook of 0.5 to 1.5 percent.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.