Singapore Outpaces Expectations With Strong Q4 Growth In 2023
Singapore Outpaces Expectations With Strong Q4 Growth In 2023
Singapore's economy accelerated in Q4 2023, outperforming economists' predictions largely due to the progress in the construction and manufacturing sectors.
新加坡經濟在2023年第四季度加速,表現超過了經濟學家的預期,這主要是由於建築業和製造業的進步。
What Happened: As reported by Reuters, Singapore's economy grew by 2.8% year-on-year during the fourth quarter, with the construction and manufacturing sectors playing a significant role in this growth.
發生了什麼:據路透社報道,新加坡經濟在第四季度同比增長2.8%,其中建築和製造業在增長中發揮了重要作用。
This figure outshone the 1% increase recorded in Q3 2023. Throughout 2023, the economy expanded by 1.2%, a decrease from the 3.6% growth in 2022.
這個數字超過了2023年第三季度創下的1%的增長。整個2023年,經濟增長了1.2%,低於2022年的3.6%。
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OCBC's Selena Ling and Maybank's Chua Hak Bin, both economists, acknowledged that the Q4 growth exceeded their forecasts. Ling had predicted a 1.8% expansion, and Chua had forecasted a 2.5% growth. "Green shoots are sprouting in exports and manufacturing, brightening the outlook for 2024," Chua commented, anticipating a GDP growth of 2.2% in 2024. Ling's 2024 forecast aligns with the trade ministry's projections, predicting growth between 1% and 3%.
華僑銀行的賽琳娜·凌和馬來亞銀行的蔡克彬都是經濟學家,他們承認第四季度的增長超出了他們的預期。林曾預測增長1.8%,蔡曾預測增長2.5%。蔡評論說:“出口和製造業的綠芽正在萌芽,爲2024年的前景增光添彩,” 他預計2024年的國內生產總值將增長2.2%。林對2024年的預測與貿易部的預測一致,預測增長在1%至3%之間。
The GDP grew 1.7% on a quarter-on-quarter seasonally adjusted basis in the October-December period, an improvement on the 1.3% expansion in the third quarter. The Monetary Authority of Singapore (MAS) is expected to review its monetary policy no later than Jan. 29.
經季節性調整後,10月至12月期間,國內生產總值同比增長1.7%,比第三季度1.3%的增長有所改善。預計新加坡金融管理局(MAS)將在1月29日之前審查其貨幣政策。
Why It Matters: This encouraging Q4 growth comes on the heels of Singapore's impressive economic performance in 2021. Singapore's economy registered a 7.2% growth in 2021, its highest in over a decade, bouncing back from a 5.4% contraction due to the pandemic in the previous year. The news of this robust growth positively impacted U.S.-listed companies in Singapore, with shares of companies such as CapitaLand Ascendas REIT (OTC:ACDSF), Keppel Corp Ltd (OTC:KPELY), and Singapore Telecommunications Ltd (OTC:SGAPY) going up.
爲何重要:這種令人鼓舞的第四季度增長是在新加坡2021年取得令人印象深刻的經濟表現之後出現的。新加坡經濟在2021年實現了7.2%的增長,爲十多年來的最高水平,從去年疫情造成的5.4%的萎縮中反彈。這一強勁增長的消息對新加坡的美國上市公司產生了積極影響,凱德置地騰飛房地產投資信託基金(場外交易代碼:ACDSF)、吉寶有限公司(場外交易代碼:KPELY)和新加坡電信有限公司(場外交易代碼:SGAPY)等公司的股價上漲。
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