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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.
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Economics
Singapore Economy Expands Slower Than Expected in First Quarter
Play Video
Bloomberg Surveillance 04/10/2024
Unmute
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
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