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 (GDP) grew 4.3% in the fourth quarter from a year earlier, according to preliminary trade ministry estimates, above the average forecast of 3.3% in a Reuters poll of economists.
On a three-month seasonally adjusted basis, GDP rose by 0.1% in the period from October to December, previous estimates showed.
November’s annual inflation rate of 1.9% was the lowest in nearly 3 years, creating room for the central bank to ease monetary policy in its January review, although analysts believe it may wait until the end of 2025 to assess the impact of incoming US President Donald Trump. . policies.
The Monetary Authority of Singapore kept policy steady at its October review as data showed the pace of activity accelerating. His next examination is due by the end of the month.
