Macro - Country Economic Forecasts - Singapore

Macro - Country Economic Forecasts - Singapore



We expect Singapore's GDP to grow by 2.5% this year, a pick-up from 1.1% growth in 2023 but below its estimated trend rate of growth. The improvement in economic momentum we expect over the next few quarters will largely be thanks to support from the upturn in the chip cycle.


Singapore: An upturn in the chip cycle will support the economy
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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