Singapore economy grew 2.7% in Q1
SEEbiz 12.04.2024
SINGAPORE - Singapore’s economy in the first three months of 2024 grew at its weakest quarter-on-quarter pace in a year as manufacturing slowed, but economists see growth strengthening ahead.
On a quarter-on-quarter seasonally adjusted basis, the economy expanded by 0.1 per cent in the first quarter, down from the 1.2 per cent growth in the fourth quarter of 2023, according to advance estimates released on April 12 by the Ministry of Trade and Industry (MTI). OCBC Bank chief economist Selena Ling noted that quarter-on-quarter growth was the slowest since the first quarter of 2023. It is also lower than the 0.5 per cent gain tipped by analysts in a
