Singapore economy grew 2.7% in Q1, but growth over previous quarter slowest in a year

On a quarter-on-quarter seasonally adjusted basis, Singapore's economy expanded by 0.1 per cent in the first quarter. - ST

SINGAPORE: Singapore’s economy in the first three months of 2024 grew at its weakest quarter-on-quarter pace in a year as manufacturing slowed, but economists see growth strengthening ahead.

On a quarter-on-quarter seasonally adjusted basis, the economy expanded 0.1 per cent in the first quarter, down from the 1.2 per cent growth in the fourth quarter of 2023, according to advance estimates released on April 12 by the Ministry of Trade and Industry (MTI).