MTI raises growth forecast for 2024 to 3.5, cites betterthanexpected economic performance

Economic Outlook 2025 Singapore Mti. Singapore Gdp 2025 Dinnie Isabella The Ministry of Trade and Industry forecasts real GDP growth will range from 1 per cent to 3 per cent in 2025 SINGAPORE - Private sector economists kept unchanged their forecast for economic growth in Singapore at 2.6 per cent in 2025, while citing geopolitical tensions, including from higher tariffs, as.

Singapore’s economic growth outlook in 2025 is likely to be dynamic, but with considerable downside uncertainties, after a strong performance in 2024. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy expanded by 4.4 per cent in 2024

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MTI said manufacturing and trade-related services sectors in Singapore are expected to continue to expand in 2025, although their pace of growth is likely to moderate from 2024 levels. MTI has maintained the GDP growth forecast for 2025 at "1.0 to 3.0 per cent". Economic Performance in Third Quarter 2024 In the third quarter of 2024, the Singapore economy expanded by 5.4 per cent on a year-on-year basis, faster than the 3.0 per cent growth in the.

Singapore Economy PDF Economic Growth Recession. Economic Performance in Third Quarter 2024 In the third quarter of 2024, the Singapore economy expanded by 5.4 per cent on a year-on-year basis, faster than the 3.0 per cent growth in the. Taking into account the external and domestic economic environment, and barring the materialisation of downside risks, the Singapore economy is projected to expand by 1% to 3% in 2025, says MTI.

2024 GDP Growth Forecast narrows to 23 —MTI Singapore News. SINGAPORE: Singapore's economy experienced a significant rebound in 2024, expanding by 4.4%, up from just 1.8% in 2023, according to the latest data from the Ministry of Trade and Industry (MTI. SINGAPORE - Private sector economists kept unchanged their forecast for economic growth in Singapore at 2.6 per cent in 2025, while citing geopolitical tensions, including from higher tariffs, as.