share_log
Reuters ·  Nov 22, 2024 08:21

Singapore, Nov 22 (Reuters) - Singapore's Economy Grew 5.4% in the July-September Quarter From a Year Earlier, Higher Than The 4.1% Official Advance Estimate Released Last Month and Above Market Expectations, Government Data Showed on Friday.

Economists Polled by Reuters Had Expected Annual Growth of 4.6% in the Third Quarter.

On a Quarter-on-Quarter, Seasonally Adjusted Basis, GDP Expanded 3.2% in the July to September Period, Higher Than The Advance Estimate of 2.1%.

The Trade Ministry Upgraded Its GDP Growth Forecast for 2024 to "Around 3.5%" From a Previous Range of 2.0% to 3.0%.

the Ministry Said It Expects Growth of 1.0% to 3.0% in 2025.

(Reporting by Xinghui Kok; Editing by John Mair)

((Xinghui.kok@Thomsonreuters.com;))

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment