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Singapore GDP Climbs 5.0% On Year In Q4
(RTTNews) - Singapore's gross domestic product expanded 5.0 percent on year in the fourth quarter of 2024, the Ministry of Trade and Industry said on Friday - slowing from 5.7 percent in the third quarter.
On a seasonally adjusted quarterly basis, GDP added 0.5 percent - moderating from the 3.0 percent expansion in the three months prior.
For all of 2024, Singapore's GDP was up 4.4 percent - accelerating from 1.8 percent a year earlier.
According to the MTI, the Singapore economy is projected to expand by 1.0 to 3.0 percent in 2025.
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Singapore Central Bank Softens Monetary Policy
Singapore's central bank eased its monetary policy for the second time as inflation remained low, while downside risks to growth outlook increased due to the lack of clarity over policies of the US administration and trade frictions. The Monetary Authority of Singapore said it will continue with the policy of a modest and gradual appreciation of the S$NEER policy band.
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Singapore Private Sector Slips Into Contraction - S&P Global
The private sector in Singapore fell into contraction territory in January, the latest survey from S&P Global revealed on Wednesday with a PMI score of 49.9.
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75 days ago
Singapore Private Sector Slows In December - S&P Global
The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 51.5.
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105 days ago
Singapore Private Sector PMI Eases To 53.9 In November - S&P Global
The private sector in Singapore continued to expand in November, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a PMI score of 53.9.
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138 days ago
Singapore GDP Climbs 5.4% On Year In Q3
Singapore's gross domestic product expanded 5.4 percent on year in the third quarter of 2024, the Ministry of Trade and Industry said on Friday, accelerating from the 3.0 percent gain in the three months prior.
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150 days ago
Singapore Private Sector Ebbs In October - S&P Global
The private sector in Singapore continued to expand in October, albeit at a slower rate, the latest survey from S&P Global revealed on Tuesday with a PMI score of 55.5.
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167 days ago
Singapore Maintains Monetary Policy For Sixth Straight Time
Singapore central bank maintained its monetary policy for the sixth consecutive meeting on Monday. The Monetary Authority of Singapore decided to keep the prevailing rate of appreciation of the S$NEER policy band. There will be no change to its width and the level at which it is centered.
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188 days ago
Singapore GDP Grows 2.1% In Q3
Singapore's gross domestic product expanded a seasonally adjusted 2.1 percent on quarter in the third quarter of 2024, Statistics Singapore said in Monday's advance estimate.
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189 days ago
