Singapore posts fastest growth in 18 months as outlook improves
SINGAPORE -Singapore's economy grew 2.7% year-on-year in the first quarter of 2024, the quickest pace in 18 months, data showed on Thursday as the government said it expected manufacturing and trade-related sectors to improve over the course of 2024.
"The prevailing rate of appreciation of the exchange policy band is needed to keep a restraining effect on imported inflation as well as domestic cost pressures," he said at a media briefing.The central bank left monetary policy settings unchanged at a policy review in April. The next policy review is due in July.
On a quarter-on-quarter seasonally adjusted basis, GDP expanded 0.1% in the January to March period, in line with the preliminary estimate.The trade ministry, which maintained its GDP growth forecast for 2024 at 1.0% to 3.0, said the manufacturing and trade-related sectors were expected to see a gradual pick-up over the course of the year.
Enterprise Singapore said on Thursday its forecast for the year was for non-oil exports to be at +4.0% to +6.0%.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Most of passengers from battered Singapore Airlines jetliner arrive in Singapore from BangkokSingapore Airlines says most of the passengers who were on one of its jetliners that was battered by severe turbulence have been flown to Singapore from Bangkok. The airline says 143 passengers arrived in the city state shortly after 5 a.m. Wednesday.
Read more »
Most of passengers from battered Singapore Airlines jetliner arrive in Singapore from BangkokSingapore Airlines says most of the passengers who were on one of its jetliners that was battered by severe turbulence have been flown to Singapore from Bangkok
Read more »
1 dead, others injured after London-Singapore flight hit severe turbulence, Singapore Airlines saysSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
One dead, others injured after London-Singapore flight hit severe turbulence, Singapore Airlines says“We are working with the local authorities in Thailand to provide the necessary medical assistance, and sending a team to Bangkok to provide any additional assistance needed,” the airline said.
Read more »
1 dead, others injured after London-Singapore flight hit severe turbulence, Singapore Airlines saysOne person has died aboard a London-Singapore flight that encountered severe turbulence, Singapore Airlines said Tuesday. The plane was diverted to Bangkok, where emergency crews rushed to help inj…
Read more »
1 dead, others injured after London-Singapore flight hit severe turbulence, Singapore Airlines saysSingapore Airlines says one person has died aboard a London-Singapore flight that encountered severe turbulence.
Read more »