Oxford Economic analyst Sheana Yue has upgraded her growth forecast in Singapore to 2.8%, from 2.5% previously, in line with the upper end of the 2% to 3% forecast range this year.
Several analysts have raised their 2024 gross domestic product (GDP) growth forecasts following the Ministry of Trade and Industry’s (MTI) advanced estimates of Singapore’s 2024 GDP.
RHB Bank Singapore analysts Barnabas Gan and Laalitha Raveenthar have upgraded their 2024 full-year GDP growth forecast for Singapore to 3%, up from 2.5% while UOB analyst Jester Koh has raised his forecast to 3.3% from 2.9%.
