Economists cut 2024 growth forecast for Singapore

They expect GDP to expand by 2.3% in 2024, down from the previous estimate of 2.5%.

Economists and analysts have slightly become less positive about Singapore’s economic performance for 2024, the Monetary Authority of Singapore’s (MAS) Survey of Professional Forecasters unveiled.

According to the survey, experts have adjusted their predictions for Singapore’s full-year gross domestic product (GDP) growth to 2.3% from the previous 2.5% forecast in September 2023.

Based on MAS’ mean probability distribution of 2024 GDP growth forecasts, Singapore’s economy will likely grow by 2.0% to 2.9% next year.

For 2023, experts predict GDP to expand by 1.0%.

Meanwhile, economists and analysts expect CPI-All Items (headline) inflation and MAS Core Inflation growths for 2024 to come in at 3.4% and 3.0%, respectively.

The growth forecast for 2024 is lower than their expected headline inflation and MAS Core inflation for 2023 at 4.8% and 4.1%, respectively.

Follow the link for more news on

MAS

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia