Singapore upgrades 2024 economic growth forecast to around 3.5%

CNA11-22 08:00

SINGAPORE: Singapore on Friday (Nov 22) upgraded its economic growth forecast for 2024 to around 3.5 per cent, above the range of its previous prediction. In August, the Ministry of Trade and Industry...

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These sectors were bolstered in part by the upturn in the global electronics sector.\nIn particular, the manufacturing sector expanded by 11 per cent compared with the third quarter of last year. It contracted 1.1 per cent in the second quarter of this year.\nAll clusters in the sector grew, but the electronics sector reported robust growth, supported by demand for smartphone and PC semiconductor chips.\nOn a quarter-on-quarter seasonally adjusted basis, the sector grew 13.5 per cent, a reversal from the 1.1 per cent contraction in the second quarter.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485447329"}