SINGAPORE — Singapore on Thursday revised its second-quarter growth rate downward to 4.4%, from the preliminary 4.8%, citing a deteriorating global economic environment.
Amid concerns over persistent inflation, disruptions from Russia’s invasion of Ukraine, and China’s struggle to contain COVID-19 outbreaks with its zero-infection approach, trade officials also lowered their expectations for full-year gross domestic product growth to between 3% and 4%, narrowing the previous range of 3% to 5%.
/cdn.vox-cdn.com/uploads/chorus_asset/file/24916158/IMG_2125.jpg "Apple Watches without banned blood oxygen features are now on sale")
/cdn.vox-cdn.com/uploads/chorus_asset/file/24759174/hero_about_living_room.png "Plex is about to launch a store for movies and TV shows")
/cdn.vox-cdn.com/uploads/chorus_asset/file/25231421/UI___Whimsical_tiger_as_oil_painting.jpg "Amazon’s latest Fire TVs can now use AI to generate custom art backgrounds")
