SINGAPORE (XINHUA) – The Monetary Authority of Singapore said yesterday that economists and analysts expect the country’s gross domestic product (GDP) to expand 2.4 per cent in 2024.
The number was 0.1 percentage points higher than the 2.3 per cent GDP growth previously forecast.
Respondents noted that faster-than-expected recovery in the technological cycle and more robust growth in China will boost Singapore’s economy this year.
The median forecast for Singapore’s all-items inflation this year is 3.1 per cent, down from 3.4 per cent in the previous survey.
