On a q-o-q seasonally adjusted basis, the economy expanded by 0.1%.
Singapore’s gross domestic product (GDP) grew by 2.7% in the 1Q2024, according to the Ministry of Trade and Industry’s (MTI) advance estimates released on April 12.
The figure stood slightly ahead of market watchers’ expectations of a 2.6% y-o-y growth in the Monetary Authority of Singapore’s (MAS) March 2024 survey of professional forecasters.
