Singapore’s economy grew 4.3% in 2024, outperforming expectations, but challenges loom for 2025

Mary Alavanza
Thu, 02 Jan 2025 10:09:53 +0000
SG Economy, Singapore economy

SINGAPORE: Singapore’s economy outperformed expectations in 2024, but economists are warning that 2025 could be more challenging. According to the Ministry of Trade and Industry (MTI), the economy grew by 4.3 per cent in the fourth quarter of 2024 compared to the same period in the previous year. This was lower than the 5.4 per …