The Ministry of Trade and Industry warned that Singapore remains vulnerable to downside risks in the global economy. — The Straits Times
SINGAPORE: The economy grew in the first quarter of 2024 at its weakest pace in a year, dragged by slower expansion of the export-driven manufacturing sector, according to the final estimates released by Singapore’s Trade and Industry Ministry (MTI).
On a quarter-on-quarter seasonally adjusted basis, the economy expanded by 0.1% in the January to March period, slower than the 1.2% growth in the fourth quarter of 2023, the MTI said.
