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Singapore poised for further recovery in 2022 amid external headwinds, inflation
On one hand, Singapore's external demand outlook has "deteriorated slightly", MTI permanent secretary Gabriel Lim warns, with the Omicron variant causing a global surge in Covid-19 cases amid persistent supply bottlenecks and rising energy prices. The trajectory of the pandemic remains a risk too.
At the same time, prospects for outward-oriented sectors remain strong amid the global economic recovery, he said.