Singapore Q2 GDP up 2.9% y/y, matching advance estimate

08/12/2024

Less than a minute

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.

© Reuters. FILE PHOTO: General view of apartment blocks consisting of private and public housing, in Singapore, September 27, 2018. Picture taken September 27, 2018. REUTERS/Kevin Lam/File Photo

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.

08/12/2024

Less than a minute

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