Singapore's economy grew at faster pace of 2.7% in Q1 of 2024: Advance estimates

Singapore's economy grew 2.7 per cent year-on-year in the first quarter of 2024, according to advance estimates from the Ministry of Trade and Industry (MTI) on Friday (Apr 12).

This was faster than the 2.2 per cent growth recorded in the last quarter of 2023.

On a quarter-on-quarter seasonally adjusted basis, Singapore's economy expanded by 0.1 per cent, extending the 1.2 per cent expansion in the fourth quarter of 2023.