Attention Attention all Swifties, We need more Taylor Swift concerts to boost our economy...Get Ready to Huat la la

[k1976]

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Economics

Singapore Economy Expands Slower Than Expected in First Quarter​

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Bloomberg Surveillance 04/10/2024
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WATCH: Singapore’s central bank kept its policy settings unchanged after the economy expanded slower than expected. Annabelle Droulers reports.Source: Bloomberg
By Swati Pandey
April 12, 2024 at 8:00 AM GMT+8

Singapore’s economy expanded slower than economists forecast, as a spending boost from increased tourism spurred by Taylor Swift concerts failed to offset a decline in manufacturing output.

Gross domestic product grew 0.1% in the quarter ended March from the prior three months, according to advance estimates Friday from the Ministry of Trade and Industry.

That was slower than the median 0.5% gain forecast by economists in a Bloomberg survey, and follows the 1.2% pace in the three months ended December.

On a year-on-year basis, the economy expanded 2.7% last quarter.
Have a confidential tip for our reporters

 

[k1976]

It must be Cina New Year Fault lah....

 

[k1976]

Singapore economy grows 2.7% year on year in Q1, but just 0.1% sequentially​

Both year-on-year and quarter-on-quarter expansion miss economists’ expectations

Renald Yeo​

Published Fri, Apr 12, 2024 · 08:00 AMUpdated Fri, Apr 12, 2024 · 09:17 AM

SINGAPORE’S economy grew 2.7 per cent year on year in the first quarter of 2024, improving from the previous quarter’s 2.2 per cent growth, advance estimates from the Ministry of Trade and Industry (MTI) showed on Friday (Apr 12).

But on a seasonally adjusted quarterly basis, gross domestic product rose by a marginal 0.1 per cent, slower than the previous quarter’s 1.2 per cent growth.

Both year-on-year and quarter-on-quarter growth were also below economists’ expectations in a Bloomberg poll.

 

[k1976]

Recap 2mth ago...明天会更好的

 

[k1976]

Tiongkok growth is highly correlated to SG de woh

 

[ChinaCommunistSG]

Renald Yeo 很肥

 

[k1976]

Our secret weapon for super growth seem to.......

 

[k1976]

No worry, all is not lost

We have Skillfuture to upgrade mah

 

[laksaboy]

Keep digging, demolishing, building and rebuilding. That's where your 'economic growth' will come from.

 

[k1976]

 

[k1976]

Keep digging, demolishing, building and rebuilding. That's where your 'economic growth' will come from.

Good atas asset appreciation

 

[k1976]

 

[k1976]

 

[k1976]

https://www.youtube.com/live/FlvPOeJzAOM?si=bw_9XaOrNvETFQiv

A currency war is ongoing?

Need 20yrs to establish?

 

[syed putra]

Please give our neighbours room to catch up.

 

[k1976]

Please give our neighbours room to catch up.

Cannot lah....we need to boost economy growth to 1% from 0.1% in Q1

 

[laksaboy]

Why not let us have ladyboy shows at the stadium?

 

[k1976]

Why not let us have ladyboy shows at the stadium?

But very strong competition in the north

 

[laksaboy]

 

[k1976]

AMDK Field Leepok on Thai Aqua Industry