SINGAPORE -- Singapore's economy grew faster than expected in 2024, according to preliminary government data, but the pace of expansion is set to ease in what is a general election year in the city-state amid global trade uncertainties.
The Southeast Asian financial hub's economy grew 4% in 2024, beating officials' forecasts of 3.5%, the trade ministry figures show. The reading was significantly better than the 1.1% expansion in 2023 but came with a cautious outlook for 2025.
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