Cruising along: The Marina Bay Sands hotel and casino in Singapore. The city-state’s growth trajectory is tipped to strengthen for the subsequent quarters of 2024, predicated on an improvement in the manufacturing recovery theme. — Bloomberg
SINGAPORE: Singapore’s economy, in the first three months of 2024, grew at its weakest quarter-on-quarter (q-o-q) pace in a year as manufacturing slowed, but economists see growth strengthening ahead.
On a q-o-q seasonally adjusted basis, the economy expanded by 0.1% in the first quarter, down from the 1.2% growth in the fourth quarter of 2023, according to advance estimates released on April 12 by the Trade and Industry Ministry.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
