The Singapore economy grew slower than expected in the second quarter this year, indicating weakening global and domestic demand for goods and services amid surging inflation.

Meanwhile, the Monetary Authority of Singapore further tightened its policy stance, making room for a stronger Singapore dollar to douse the impact of rising global prices as it raised inflation forecasts for this year.

In The Straits Times’ The Big Story, Multimedia journalist Hairianto Dirman spoke with Senior economist at DBS Irvin Seah to weigh in on the developments.

The Singapore economy grew slower than expected in the second quarter this year, indicating weakening global and domestic demand for goods and services amid surging inflation.
Meanwhile, the Monetary Authority of Singapore further tightened its policy stance, making room for a stronger Singapore dollar to douse the impact of rising global prices as it raised inflation forecasts for this year.
In The Straits Times’ The Big Story, Multimedia journalist Hairianto Dirman spoke with Senior economist at DBS Irvin Seah to weigh in on the developments.

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Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.