August 13, 2024 00:07 GMT
Singapore: Resilience in GDP print
SINGAPORE
- Singapore’s economy expanded at 2.9% yoy in the second quarter according to data released today.
- Market expectations were for a modest slowdown relative to the prior quarter as other economies in the region moderated.
- The Singapore economy has shown resilience in the face of this regional slowdown, rising geopolitical tensions and concerns that the US is heading for recession.
- Singapore has forecast it’s 2024 growth to be in the 2-3% area.
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