SINGAPORE (Reuters) – Singapore's economy grew 4.0% in 2024, accelerating from 1.1% growth in 2023, preliminary government data showed on Thursday.
Gross domestic product rose 4.3% in the fourth quarter from a year earlier, according to advance estimates from the Commerce Department, above the average forecast of 3.3% in a Reuters poll of economists.
Advance estimates showed that on a seasonally adjusted quarterly basis, GDP expanded by 0.1% in the October-December period.
November's annual inflation rate of 1.9% was the lowest in nearly 3 years, leaving room for the central bank to ease monetary policy in its January review, although analysts believe it may wait until later in 2025 to assess the impact of policy. Next US President Donald Trump. Policies.
The Monetary Authority of Singapore kept policy steady in its October review, as data showed a pick-up in activity. The next review is scheduled to take place before the end of the month.
