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Tuesday, May 7, 2024

Singapore’s 2024 Economic Outlook – Thailand Business News

In 2024, Singapore anticipates economic growth, especially in electronics, F&B, and travel industries. The nation’s resilience and recovery measures make it a stable investment destination. Subdued demands in manufacturing contrast with growth in tourism.

Optimism in Singapore’s Economic Growth

As Singapore looks ahead to 2024, optimism abounds as projected growth in key sectors such as electronics, F&B, and travel-related industries paints a promising picture. The nation’s resilience and strategic recovery measures position it as a stable and attractive investment destination for businesses and investors in the coming year.

Accelerated Economic Growth and Eased Inflation

Projections by the Monetary Authority of Singapore (MAS) foresee an acceleration in local economic growth for 2024, alongside a notable easing of the inflation rate. Anticipated recovery in export demand and…

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