Singapore upgrades economic growth

By Agence France-Presse

Aug 14, 2024 12:21 am

SINGAPORE — Singapore on Tuesday upgraded its economic growth forecast for this year after beating expectations in the second quarter and on optimism that the manufacturing sector will gradually recover.

The trade ministry said it sees the export-driven economy growing 2.0 to 3.0 percent this year, compared with a previous projection of 1.0 to 3.0 percent.

BOOSTED People walk out for a lunch break in the Raffles Place financial business district in Singapore on Aug. 13, 2024. Singapore’s trade ministry on Tuesday said it is upgrading its economic growth forecast for this year. AFP PHOTO

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