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.

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Singapore , Economy , Growth , Hurt , 1.2% Rise

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