Singapore's 2024 GDP forecast kept at 1% to 3%, economy grows 2.7% in Q1
Singapore has maintained its gross domestic product growth forecast for the year at a range of one to three per cent as its economy grew by 2.7 per cent year-on-year in the first quarter of 2024, the fastest pace in 18 months. Analysts add that stronger demand for electronics and a tourism boost will drive expansion from the second half of this year. Nadirah Zaidi with more.
Singapore has maintained its gross domestic product growth forecast for the year at a range of one to three per cent as its economy grew by 2.7 per cent year-on-year in the first quarter of 2024, the fastest pace in 18 months. Analysts add that stronger demand for electronics and a tourism boost will drive expansion from the second half of this year. Nadirah Zaidi with more.
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