Singapore economy grows 1.2 per cent in 2023; growth hurt by softer global demand for its exports


SINGAPORE (AFP): Singapore's economy avoided a recession and expanded 1.2 per cent in 2023, Prime Minister Lee Hsien Loong said Sunday, warning however that geopolitical risks will weigh on next year's growth.

The affluent city-state's economic performance is often seen as a barometer of the global environment because of its reliance on international trade.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Singapore , Economy , Growth , Hurt , 1.2% Rise

Next In Aseanplus News

Australia calls for Lebanon to be included in West Asia ceasefire
Dad admits to sexually assaulting teenage daughter
Brunei to continue price monitoring initiative amid global economic uncertainties
Vietnam leader To Lam to make four-day visit to China: Chinese state media
Cops bust crypto scam call centre in Bagan Datuk, 22 foreigners held
About 150 in Singapore evacuate after fire breaks out in Choa Chu Kang condominium
High jet fuel prices likely to spark structural shakeout in airline industry - aviation experts
Asean+3 nations discuss economic responses amid West Asia conflict
Anwar: Brace for cost surge as Middle East conflict hits Malaysia’s supply chain
Escaped wolf forces school closure in South Korea

Others Also Read