[ad_1]
Staff Reporter
,
Singapore
Photo from Unsplash
They expect GDP to expand by 2.3% in 2024, down from the previous estimate of 2.5%.
Economists and analysts have slightly become less positive about Singapore’s economic performance for 2024, the Monetary Authority of Singapore’s (MAS) Survey of Professional Forecasters unveiled.
According to the survey, experts have adjusted their predictions for Singapore’s full-year gross domestic product (GDP) growth to 2.3% from the previous 2.5% forecast in September 2023.
Based on MAS’ mean probability distribution of 2024 GDP growth forecasts, Singapore’s economy will likely grow by 2.0% to 2.9% next year.
For 2023, experts predict GDP to expand by 1.0%.
Meanwhile, economists and analysts expect CPI-All Items (headline) inflation and MAS Core Inflation growths for 2024 to come in at 3.4% and 3.0%, respectively.
The growth forecast for 2024 is lower than their expected headline inflation and MAS Core inflation for 2023 at 4.8% and 4.1%, respectively.
Join Singapore Business Review community
Since you’re here…
…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!
[ad_2]
Source link