SINGAPORE — Singapore’s economy is likely to grow at the upper end of its 2- to 3-percent growth range, the managing director of the country’s central bank said on Friday.
In July, the Monetary Authority of Singapore, the city-state’s central bank, had said gross domestic product growth was likely to be 2 to 3 percent for the full year.
“It’s been relatively positive so far in the latest months… So full year, we think it’ll be finished quite squarely within that range, probably on the strongest side,” MAS Managing Director Chia Der Jiun said at the Bretton Woods Committee’s annual Future of Finance Forum.
The forum was held in Singapore in partnership with Swiss bank UBS.
Economists this week upgraded their expectations for Singapore’s growth in 2024, according to a survey by the country’s central bank published on Wednesday, with better-than-expected external growth seen as the key driver for the city state.
Be the first to comment