With economic growth in the third quarter of this year exceeding the projected rate, Singapore has raised its growth forecast for the whole year 2024 to around 3.5%. Illustrative photo (Photo: philstar.com)Hanoi (VNA) – With economic growth in the third quarter of this year exceeding the projected rate, Singapore has raised its growth forecast for the whole year 2024 to around 3.5%. This figure brings the average growth rate of the first nine months of the year to 3.8%. With this result, Singapore forecasts that its economic growth will reach about 3.5% in 2024, higher than the previously announced forecast of 2-3%. However, MTI forecasts growth in 2025 to be at 1-3% due to unpredictable factors of the global economy./.

Source: Philippine Star November 22, 2024 15:34 UTC