S’pore raises 2022 trade forecasts after Q1 outperforms on higher oil prices, strong chip demand

May 25, 2022 8:05 AM

SINGAPORE – Official forecasts for Singapore’s full-year trade outlook were raised after a better-than-expected performance in the first quarter, with oil prices and global semiconductor demand expected to stay strong.

Source : https://www.straitstimes.com/business/economy/spore-raises-2022-trade-forecasts-after-q1-outperforms-on-higher-oil-prices-strong-chip-demand