Singapore’s economy ended 2024 with robust growth, showcasing the strength of its trade and investment sectors. The nation recorded a 5.0% expansion in the fourth quarter, exceeding earlier projections and demonstrating strong global trade activity. For the full year, Singapore’s economy grew by 4.4%, more than doubling its 2023 growth of 1.8%.
The Trade Ministry has maintained its 2025 growth forecast at 1.0% to 3.0%, emphasizing Singapore’s resilience as a global trade hub. With a thriving logistics sector, increased foreign direct investments, and advancements in digital trade, the city-state continues to strengthen its position in the global supply chain.
Singapore’s pro-business environment, strategic location, and commitment to innovation are expected to drive continued economic expansion. Easing inflation and government-led initiatives in infrastructure and technology will further support businesses, fostering a positive trade outlook for 2025.
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