Singapore's economy is expected to grow at 2.4% in 2024, while its headline inflation is forecast to come in at 3.1%. This is higher compared with the 2.3% growth forecast in the December survey. The current inflation forecast is also lower than the previous survey's forecast of 3.4%. Singapore's first-quarter GDP is expected to receive a boost from Taylor Swift's Eras Tour, according to a Bloomberg report. Buildings in the central business district in Singapore, on Wednesday, Feb. 14, 2024.
Singapore's economy expanded by a slightly more modest pace than initially expected in 2023, as manufacturing activity contracted and services growth slowed.Singapore's economy in 2024 is forecast to grow faster than estimated earlier, while the outlook for inflation has been revised lower, the Monetary Authority of Singapore's survey showed Wednesday. The survey of forecasters has pegged this year's growth at 2.4% and headline inflation at 3.1%, compared with the December survey's estimates of 2.3% GDP growth and inflation at 3.4