2024 Singapore economic growth forecast raised to 2.6% by private-sector economists, per MAS.

Private-sector economists have increased Singapore's 2024 economic growth forecast to 2.6% from 2.4%, as reported by the Monetary Authority of Singapore (MAS). This follows a 2.9% year-on-year growth in the second quarter. However, manufacturing growth expectations have dropped to 0.6%. For 2025, the GDP forecast remains at 2.5%. Economists also foresee easing inflation and anticipate potential monetary policy adjustments in the coming months.

September 11, 2024
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