Singapore posts fastest growth in 18-month span
Singapore posts fastest growth in 18-month span
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00:00 Singapore's economy grew by 2.7 percent year-on-year in the first quarter of 2024, marking its
00:07 quickest pace in 18 months. Manufacturing and trade-related sectors are expected to
00:13 improve. This growth matched estimates and surpassed forecasts. The Monetary Authority
00:19 of Singapore, or MAS, affirmed appropriate monetary policy aiming for price stability.
00:25 Annual core inflation remained at 3.1 percent in April. The central bank left monetary policy
00:32 unchanged, anticipating this to continue for the year. Despite a 0.1 percent quarter-on-quarter
00:39 expansion, inflations persist amid a slowdown in economic growth.