Singapore’s annual GDP expands in the fastest PACE since 2021

Singapore GDP has expanded 4.4% Its sign in 2024 Fastest growth since 2021Government information won a boost from Friday, Wholesale trade, finance and insurance and production sectors.

In 2023, the economy expanded 1.8%.

Only the fourth quarter grew 5% in Singapore’s GDP, 5% increased by the 20% forecast by Reuters, but lower the 5.7% expansion in the previous quarter.

5% growth figura Exceeded advance assessments 4.3% declared on January 2.

This will be the last part of this major economic information that provides the budget of the country’s budget in 2025 on February 18, February 18, Prime Minister Lawrence Wong.

The ministry added that Singapore’s retail sector, as well as food and beverage sector, partially spent on foreign travel.

The country kept the GDP growth forecast for 2025 at 1% -3%.

The Ministry of Commerce and Industry of Singapore is expected to increase foreign trade partners of foreign trade partners of the country’s major trading partners for 2025, because since 2024.

“There is a great uncertain cone around the worldview, depending on the worldview of the US economy worldview, the policy of the new US administration,” the ministry added.

Singapore, China’s GDP growth will be moderate, and the increase in goods and investment will increase due to tariff walks and industrial excessive reduction.

In 2025, MTI projects, which are expanding the production and trading services of Singapore, especially for electronics, “PC, smartphones and data center will be supported by a solid demand of semiconductor chips in recent markets.”

The growth is also expected to be seen in sectors such as information and communications and finance and insurance.

On the contrary, the growth of consumer sectors such as ministry, retail trade and food and beverage, is likely to be unlikely.

“It should provide some support for the continuation of international visits, due to local residents who transferring their places partially.”