MAS maintained its estimate of 1% to 3% GDP growth in 2024, which was made in November. — The Straits Times
THE Singapore economy is on track for faster growth in 2024, aided by resilient global demand for its exports and above-trend growth in tourism-related industries, according to the central bank.
The Monetary Authority of Singapore (MAS) maintains its estimate of 1% to 3% gross domestic product (GDP) growth in 2024, made in November, after the 1.1% expansion in 2023. The main clusters of the economy are converging towards their pre-pandemic growth rates, it says.
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