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SG Movers for Tuesday: YZJ Shipbldg SGD Was the Top Gainer
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After Singapore announced the GDP for the third quarter, UOB raised the country's fiscal year economic growth forecast.
After Singapore released strong GDP data for the third quarter, UOB economists raised Singapore's actual GDP growth forecast for 2024 from 2.9% to 3.3%. In comparison, the Singapore government's official forecast is 2.0%-3.0%. Economist Jester Koh stated that core inflation is easing, and some aspects of price pressures have also eased. Koh mentioned that as the output gap is expected to narrow in the second half of the year, coupled with strengthened economic activity, the risk of demand-side inflation still exists. Koh believes that the Monetary Authority of Singapore monitors core inflation and strives to keep it at 1.8%.
UOB's Better U Pivot Programme to Reskill Employees for New Bank Roles
104255742 : STI stocks are deadwood