On May 1, 2022, Bloombergเลิกเล่นสล็อตreported that Lee Hsien Loong, Prime Minister of Singapore. Speaking in part of his International Labor Day speech, he said Singapore must be more prepared for its economic challenges. Because inflation tends to remain at a high level continuously. Many central banks are tightening their monetary policy. ready to warn that with this condition The world may face a recession in the next two years.

Singapore Prime Minister said The protracted Ukraine-Russia war will "dimmer" in Singapore's bright outlook on post-COVID economic recovery. “We are cautiously optimistic for the start this year.”

“Singaporeans already feel the impact of the Ukrainian war on the cost of living… Singapore faces approximately S$8 billion in damages per year. from higher energy prices.”

Singapore Prime Minister's Speech in line with the attitude of private executives and world-class economists which has been issued to warn of the risk that the world economy will face a recession After the Russian invasion of Ukraine In addition to the coronavirus outbreak in China, the Monetary Authority of Singapore last week forecast global GDP at no more than 3.9 percent in 2022, down from a forecast late last year. It had been estimated that the global economy could grow around 5.4% in 2022 as inflation hit its fastest level in 14 years.

Even though Singapore has a clear way to open the city and loosen the lockdown to control the Covid which is a good sign for increasing demand But Singapore still faces a labor shortage problem. and supply chain bottlenecks that are still a factor in pressure on the Singapore economy. The Bank of Singapore expects core inflation to range between 2.5% and 3.5% this year, while headline inflation could range from 4.5% to 5.5% on the uptick in commodity price growth.