Singapore expects 1% to 3% economic growth in 2024 as DPM presents 2024 budget bill in Parliament

Singapore DPM Lawrence Wong noted that the past year had not been easy, with a troubled international environment, subdued global economy and modest economic growth for Singapore. - PHOTO: MCI via The Straits Times

SINGAPORE (Xinhua): Singapore is cautiously optimistic about 2024 and expects higher gross domestic product (GDP) growth at 1 per cent to 3 per cent, Deputy Prime Minister Lawrence Wong said on Friday.

Amid a troubled international environment and subdued global economy, Singapore's economy grew by 1.1 per cent last year and avoided a recession, Wong said while presenting the 2024 budget bill to the Parliament.