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Singapore consumer spending to normalise from 2022: Fitch Solutions
The unit of ratings agency Fitch Group is expecting real household spending to increase by 3.1 per cent over 2022 to support overall consumer spending going forward.
While this is lower than the 6.6 per cent real rate estimated for 2021, the research house said that household spending is returning to its medium-term growth trajectory from 2022 to 2026, which had contracted and expanded "significantly" from the economic impact of Covid-19 in 2020 and 2021.
