Singapore economy beats forecasts, grows 4% in 2024
The Philippine Star|January 03, 2025
Singapore's economy beat forecasts to grow four percent in 2024 despite a slowdown in the fourth quarter, preliminary government data showed yesterday.
Singapore economy beats forecasts, grows 4% in 2024

The trade-reliant city-state's economy accelerated from the 1.1 percent growth registered in 2023, the trade ministry said. The figure surpassed the government's revised forecast made in November for full-year growth of around 3.5 percent.

Singapore's economic performance is often seen as a barometer of the global environment because of its heavy reliance on international trade.

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