Singapore GDP
Economy grows at a faster pace in 1Q24: advance estimates
It grew 2.7% YoY from 2.2% YoY in 4Q23.
Economy grows 1.1% in 2023; MTI retains 2024 growth forecast at 1.0%-3.0%
Economic growth moderated from 2022, when Singapore recorded a 3.8% YoY expansion.
Nomura sees manufacturing supporting 3% GDP growth this year
Inflation to remain sticky this year.
Singapore’s economic upswing unlikely to last: experts
In 2023, experts predict a GDP growth of 0.7% for Singapore.
Economy grows at a faster pace in 3Q23: flash estimates
It grew 0.7% YoY from 0.5% YoY in 2Q23.
MTI narrows 2023 GDP growth forecast range to 0.5%-1.5%
‘Weak external demand outlook’ for the rest of 2023 was cited as the reason for the move.
Economy slightly grows in 2Q23: flash estimates
It grew 0.7% YoY from 0.4% YoY in 1Q23.
Economy slows to 0.4% growth in Q1
The recovery of international visitor arrivals propels growth in accommodation and IT sectors.
GDP to expand 0.5% to 2.5% in 2023: MTI
External demand outlook has weakened as US, Eurozone economies decelerate.
Singapore's private consumption to recover in 2H23
RHB expects a 3.8% YoY consumption growth.
3 factors weighing down Singapore’s economic growth
Analysts expect full-year GDP growth to clock in at 1.4%, lower than the 2022 record.
SG likely to enter ‘technical recession’ in H1
Experts believe SG’s growth momentum will continue to slow in Q2.
Economic growth slows in Q123
The economy grew 0.1% YoY.
Economic growth to slow down in 2023
UOB expects full-year GDP to grow by only 0.7%.
GDP growth to ease in 2023 at 0.5%-2.5%
In 2022, the economy expanded by 3.6%.
Possible recession in H1 23 is likely a ‘shallow one:’ RHB
This despite the further stress predicted in the first half of 2023.
How industries performed as Singapore economy growth eases
The economy eased by 4.1% in the third quarter of 2022.
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