singaporesingapores economy is likely to expand slightly faster than expected in 2022 helped by an improving outlook for construction and wholesale and retail trade a central bank survey showed wednesday the southeast asian citystates gross domestic product is now expected to rise 36 this year according to the median projection of external professional forecasters in the monetary authority of singapores december survey this compared with their projection in september of 35 growth for 2023 singapores gdp is projected to expand 18 slower than the previous forecast for 28 growth the survey showed the mas said 21 economists and analysts responded to its latest quarterly survey the results of which dont represent the central banks views or forecasts respondents now expect singapores construction sector to grow 58 in 2022 against the earlier forecast of 46 and raised their forecast for growth in wholesale and retail trade to 36 from 23 previously they also lowered their forecast for 2022 growth in the finance and insurance sector to 22 from a 25 projection in september and cut their outlook for manufacturing to 30 growth from 55 nonoil domestic exports are now expected to grow 54 compared with the previous projection of 73 respondents forecast the us dollarsingapore dollar exchange rate at 1380 for end2022 up from 1375 in the prior survey