Singapore's MAS forecasts 1-3% economic growth for 2024, with potential threats from Middle East tensions and delayed global interest rate easing.
Singapore's Monetary Authority (MAS) forecasts 1-3% economic growth for 2024, maintaining its projection from the previous year. The central bank expects global economic pivot towards monetary easing and technology upswing to support Singapore's growth. However, escalating tensions in the Middle East and the risk of delayed global interest rate easing pose potential threats to the country's economic rebound. The MAS also predicts Singapore's headline and core inflation to range between 2.5% and 3.5% in 2024.
April 26, 2024
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