SG's 2024 growth forecast upgraded

By Reuters

Sep 12, 2024 12:15 am

SINGAPORE — Economists have upgraded their expectations for Singapore's growth in 2024, according to a survey by the country's central bank published on Wednesday, with better-than-expected external growth seen as the top upside driver for the economy.

The median forecast of 21 economists surveyed by the Monetary Authority of Singapore (MAS) is for the economy to grow 2.6 percent this year, up from a forecast of 2.4 percent in surveys done in March and June. They also forecast economic growth of 2.5 percent in 2025.

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