Singapore’s Q4 economy grows slower than advance projection
Singapore’s Q4 economy grows slower than advance projection
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00:00 Singapore's economy grew slightly slower than expected last year. In the fourth quarter of 2023,
00:05 the Gross Domestic Product, or GDP, rose by 2.2 percent year-on-year, lower than the projection
00:12 of 2.8 percent. Meanwhile, the Ministry of Trade and Industry, or MIT, said growth in advanced
00:18 economies is expected to moderate in the first half of the year due to tight financial conditions
00:24 before gradually recovering as inflationary pressures ease.