pstrongAnalysts expect GDP to grow by 3.0% next year./strong/p pExperts forecast Singapore's economy to grow by 3% in 2024, faster than the expected 1.5% growth in 2023.
Experts forecast Singapore's economy to grow by 3% in 2024, faster than the expected 1.5% growth in 2023.
Another catalyst is global central banks approaching their peak rate objective, meaning rate cuts in 2H24 may be on the table, said Gan. In a separate statement, the Monetary Authority of Singapore said it also expects the economy to improve gradually in the second half of 2024.
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