Indicators
Singapore Sees 2024 GDP Growth at Upper Half of Forecast
- Growth driven by finance, insurance while manufacturing shrank
- Monetary authority to keep ‘significant vigilance’ on markets
From a year ago, the economy expanded 2.9% in the quarter under review.
Photographer: Aparna Nori/BloombergThis article is for subscribers only.
Singapore said it expects the island’s economy to expand between 2% and 3% this year, narrowing the forecast on a resilient external demand outlook despite lingering risks.
The updated growth view from the Ministry of Trade and Industry was published Tuesday along with final second-quarter gross domestic product numbers, which showed expansion during the period matched the pace estimated initially.