SINGAPORE — Singapore said on Friday its economy grew more than expected in the third quarter and raised its forecast for the year, thanks to stronger demand from key trading partners.
The trade ministry said it saw expansion of 'around 3.5 percent' in 2024, above the upper end of the government's previous estimate of 2.0 to 3.0 percent.
ROBUST GROWTH A cargo ship is seen at the Pasir Panjang port terminal in Singapore on Nov. 22, 2024. Singapore raised its economic growth forecast this year after its economy expanded better than expected in the third quarter on stronger demand from key trading partners. AFP PHOTO