Singapore pegs 2024 GDP growth between 1% and 3%

City-state expects electronics demand recovery after 1.1% expansion in Q3

20231121 singapore GDP

Singapore's business district. The city-state's GDP growth is slower than nearby economies in Southeast Asia. (Photo by Hiroki Endo)

DYLAN LOH, Nikkei staff writer

SINGAPORE -- The Singaporean government on Wednesday projected its growth for 2024 to come in between 1% and 3%, as the trade-oriented economy expects a recovery in global electronics demand.

For the July-September quarter, the preliminary figure of 0.7% year-on-year growth reported earlier was raised to a 1.1% expansion.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.