Reported about 23 hours ago
Singapore has raised its 2024 growth forecast to approximately 3.5%, up from a previous estimate of 2%-3%, attributing the positive outlook to a faster-than-expected economic recovery. However, concerns linger for 2025 due to potential tariffs from a new Trump administration and ongoing global uncertainties. The economy saw a 3.2% increase in Q3 compared to the previous quarter, surpassing earlier projections. While external demand remains resilient, implications of geopolitical tensions and inflation risks could affect Singapore's overall economic stability.
Source: YAHOO