Singapore's economic growth exceeded expectations at the end of 2024 but the pace of growth moderated from the preceding period, official data revealed on Thursday. Gross domestic product expanded 4.3 percent on a yearly basis, which was slower than the 5.4 percent growth posted in the third quarter, advance estimates from the Ministry of Trade and Industry showed. Growth was forecast to moderate to 3.8 percent.
On a quarter-on-quarter basis, the city-state economy posted a marginal 0.1 percent growth, moderating from the 3.2 percent expansion in the previous quarter.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.