Economics

Singapore Barely Avoids Slump as Inflation Crimps Activity

GDP growth unchanged in 2Q from previous three months
MAS unexpectedly tightens policy to contain inflation

WATCH: Singapore tightened monetary policy in its second surprise move this year, as it seeks to tame inflation. David Finnerty reports.Source: Bloomberg

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By Michelle Jamrisko

July 14, 2022 at 12:00 AM UTC

Updated on

July 14, 2022 at 1:19 AM UTC

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Singapore’s economy flatlined in the second quarter, as soaring prices weighed on activity in the city-state, prompting a surprise central bank tightening.