Singapore trims 2023 economic growth to 1.1% as manufacturing sector contracts
Publishing timestamp: 2024-02-14 21:39:11
Summary
The article reports that Singapore lowered its full-year growth for 2023 to 1.1% from an earlier estimate of 1.2%. The economy grew 2.2% year-on-year in the fourth quarter of 2023, falling short of government estimates. The manufacturing sector contracted, but other sectors such as information and communications, transportation and storage, and "other services industries" drove growth. The article also mentions the forecast for Singapore's GDP growth in 2024 and the external demand outlook.
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Keywords: earnings, ukraine, singapore, breaking news: economy, asia economy, gaza, economy, business news, economic events, us dollar/singapore dollar fx spot rate, breaking news: asia, lee hsien loong,
Source: https://www.cnbc.com/2024/02/15/singapore-economy-2023-q4-gdp-.html