ADB expects Singapore’s economic growth to soar and inflation to slow but “several factors could keep rice prices high in 2024”

Mary Alavanza
Fri, 12 Apr 2024 09:00:48 +0000
SG Economy, ADB, economic growth, Singapore economy

SINGAPORE: Singapore’s economic growth to soar in the next two years, fuelled by a surge in exports, while inflation slows, said the Asian Development Bank (ADB) on April 11. The Straits Times reports, ADB, headquartered in Manila, predicts that Singapore’s gross domestic product (GDP) will expand by 2.4% in 2024, a significant leap from the …