SINGAPORE (Reuters) – Singapore's economy is expected to grow 4.0% in 2024, up from 1.1% growth in 2023, preliminary government data showed on Thursday.
Gross Domestic Product (GDP) rose 4.3% in the fourth quarter from a year earlier, according to preliminary estimates from the trade service, more than the 3.3% forecast in a Reuters poll of economists.
Quarter-on-quarter, GDP expanded by 0.1% in the October-December period, preliminary estimates showed.
November's annual inflation rate of 1.9% was the lowest in nearly 3 years, creating room for the central bank to ease monetary policy in its January review, although analysts believe it may wait until later in 2025 to test the impact of US President Donald Trump. the one who doesn't come in. policies.
The Monetary Authority of Singapore held policy steady in its October review as data showed the pace of activity picking up. Its next review is expected before the end of the month.