Singapore's economy grew 5.4 per cent in the third quarter of the year, up from the advanced estimate of 4.1 per cent.

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Singapore upgrades 2024 economic growth forecast to around 3.5%

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Government of Singapore

Singapore, Singapore — Singapore said Friday its economy grew more than expected in the third quarter and raised its forecast for the year thanks to stronger demand from key trading partners. The trade ministry said it saw expansion of “around 3.5 percent” in 2024, above the upper end of the government’s previous estimate of 2.0-3.0 […]...Keep on reading: Singapore hikes 2024 outlook after topping third-quarter forecasts

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Philippines

Singapore hikes 2024 outlook after topping third-quarter forecasts

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...

Asia One

Singapore Press Holdings

Mm2 Entertainment

Singapore raises 2024 growth forecast, but expects economy to slow in 2025 amid global uncertainties

SINGAPORE (Reuters) -Singapore on Friday upgraded its economic outlook for 2024 as third quarter gross domestic product growth beat expectations and initial estimates, helped by stronger semiconductor production and engineering demand. GDP rose 5.4% year-on-year in the third quarter, government data showed, faster than the 4.1% official advance estimate released last month and a median forecast of 4.6% in a Reuters poll of economists. The trade …

Investing Business Daily

Investing Business Daily | Singapore revises Q3 GDP higher, upgrades 2024 outlook

SINGAPORE: The Ministry of Trade and Industry (MTI) announced on 22 November 2024 that Singapore’s GDP is projected to grow by approximately 3.5% for 2024, up from an earlier forecast of 2.0 to 3.0%. However, growth is expected to moderate to between 1.0% and 3.0% in 2025, reflecting global economic uncertainties. In the third quarter of 2024, Singapore’s economy expanded by 5.4% year-on-year, a significant acceleration from the 3.0% growth in t…

The Online Citizen

Singapore’s GDP growth forecast revised upward for 2024, outlook mixed for 2025

Singapore said Friday its economy grew more than expected in the third quarter and raised its forecast for the year thanks to stronger demand from key trading partners. The trade ministry said it saw expansion of “around 3.5 percent” in 2024, above the upper end of the government’s previous estimate of 2.0-3.0 percent. The Asian city-state’s economic performance is often seen as a barometer of the global environment because of its heavy reliance…

Macau Business

SINGAPORE: The Singaporean economy expanded by 5.4 per cent year-on-year in the third quarter, faster than the advance estimate of 4.1 per cent, the Ministry of Trade and Industry (MTI) said on Friday, according to Xinhua. The growth in the third quarter was primarily driven by the manufacturing, wholesale trade, as well as finance and insurance sectors, which were bolstered in part by the upturn in the global electronics cycle. Consumer-facing …

New Sarawak Tribune

Singaporean Economy, Key Exports Grow Stronger Than Expected In Q3

Singapore has revised its economic growth forecast for 2024 upward, citing a stronger-than-expected recovery, but officials have urged caution as global risks loom for the following year. The Ministry of Trade and Industry (MTI) upgraded the city-state’s projected growth for… The post Singapore Ups Growth Forecast Amid Robust Recovery, but Warns of 2025 Risks Under Trump’s Tariffs appeared first on The Asia Live.

Singapore upgrades 2024 economic growth forecast to around 3.5%

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