Singapore’s growth to improve in 2024, but uncertainty lingers over pace of recovery: economists
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Tessa Oh
SINGAPORE’S economy ended 2023 on a stronger-than-expected note, after fourth-quarter growth surprised on the upside. But economists warned that the economy’s recovery trajectory in 2024 remains uncertain, given lingering global uncertainties.
In the year ahead, a still-elevated interest rate environment in the United States and Europe, and the slump in the Chinese economy are expected to weigh on external demand, they said.
Lingering geopolitical tensions – such as the ongoing US-China trade war – could also challenge recovery.
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