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Singapore's economy grew 1.1% in 2023, GDP forecast maintained at 1-3%

02:46 Min

Singapore's economy grew by 1.1 per cent in 2023, slightly missing initial estimates of 1.2 per cent and slower than the 3.8 per cent expansion the previous year. Still, the Ministry of Trade and Industry has maintained its GDP outlook for 2024, forecasting growth at a range of 1 to 3 per cent. Nadirah Zaidi with more.

Singapore's economy grew by 1.1 per cent in 2023, slightly missing initial estimates of 1.2 per cent and slower than the 3.8 per cent expansion the previous year. Still, the Ministry of Trade and Industry has maintained its GDP outlook for 2024, forecasting growth at a range of 1 to 3 per cent. Nadirah Zaidi with more.

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