asiaone.com - 11 month ago

SINGAPORE — Singapore s economy blew past estimates for third-quarter growth, leading the Government to raise its forecast for full-year 2024. But it also tipped growth in 2025 to slow to a range of 1 per cent to 3 per cent range, reflecting heightened global uncertainties generated by Donald Trump s return to the White House, further escalation of conflicts in the Middle East and Ukraine and China s continuing slowdown. The official 2024 growth forecast was raised to around 3.5 per cent  from a previous range of 2-3 per cent, after third-quarter growth accelerated to 5.4 per cent — the strongest year-on-year growth since the fourth quarter of 2021 and higher than the 4.1 per cent initial estimate. The full-year upgrade marks a strong rebound from 2023 when the economy grew just 1.1 per cent.

Berita Terkini

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