2024 Singapore GDP projected to expand 2.4% due to faster tech recovery and stronger China growth, per Monetary Authority.

Singapore's GDP is projected to expand 2.4% in 2024, slightly faster than the 2.3% previously forecast, according to the Monetary Authority of Singapore. The survey of professional forecasters cited faster-than-expected recovery in the technological cycle and more robust growth in China as key drivers for the economy. The median forecast for Singapore's all-items inflation this year is 3.1%, down from 3.4% in the previous survey.