Singapore raises 2024 growth forecast to around 3.5%; 2025 growth seen at 1-3% amid global uncertainties

Quick Summary:

2024 upgrade comes as Q3 growth beats forecasts at 5.4 per cent.

Growth was supported by expansions in all the services sectors except for the real estate, retail trade and food & beverage services sectors.

The construction sector grew by 3.7 per cent year-on-year, following the 4.8 per cent growth in the previous quarter.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaUkraine

Topics: Forecast Cent Sectors Services Trade Singapore Singapore’s Growth 2024 Quarter Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 08:00:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 805 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23750294

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 17 posts per day

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Headquarters: Singapore

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Publisher ID: #25

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