economists lowered their forecasts for singapore’s growth in 2022 with external growth slowdown and inflation identified as the top downside risks to the economy singapore’s economic growth is expected to increase 35 this year from the previous estimate of 38 followed by an expansion of 28 in 2023 according to a quarterly survey released by the monetary authority of singapore forecasts for headline inflation were upgraded to 57 in 2022 70 basis points higher than the prior estimate before moderating to 35 next year core inflation is projected to rise to 38 in 2022 from 34 in the june report