Economic news
Singapore Q2 GDP up 2.9% y/y, matching advance estimate
2024.08.12 20:20
SINGAPORE (Reuters) – Singapore’s economy grew 2.9% in the April-June quarter from a year earlier, matching the official advance estimate released last month and above market expectations, government data showed on Tuesday.
The trade ministry said it had adjusted its GDP growth forecast range for 2024 to 2.0% to 3.0%, from 1.0% to 3.0% previously.
On a quarter-on-quarter, seasonally adjusted basis, GDP expanded 0.4% in the April to June period, also matching the advance estimate.
