Reported 28 days ago
Singapore's economy concluded 2024 stronger than anticipated, with a GDP growth of 5% in Q4, outpacing earlier estimates and providing the government with a robust platform to address global challenges and voter concerns leading into elections. However, ongoing high costs of living pose significant risks, as the government projects 2025 growth to be modest at 1-3%. Prime Minister Lawrence Wong is expected to announce new measures to support vulnerable citizens in the upcoming budget speech.
Source: YAHOO