Singapore's economy grew steadily last quarter, providing momentum for the annual growth to exceed expectations. According to preliminary estimates released by the Singapore Ministry of Trade and Industry on Thursday, Singapore's gross domestic product grew by 4.3% year-on-year in the three months ending in December; this is higher than the median estimate of 3.8%, but the growth rate is lower than the 5.4% from July to September. The GDP in the fourth quarter grew by 0.1% quarter-on-quarter, with a median expectation of a decline of 0.8%. The annual GDP growth was 4%, in line with the figure announced by Prime Minister Lawrence Wong in his New Year speech earlier this week. Last year's economic growth exceeded the government's revised expectation of about 3.5%, laying a solid foundation for Singapore to tackle challenges in 2025.
新加坡第四季度GDP同比增长4.3% 全年经济增速超预期
Singapore's GDP grew by 4.3% year-on-year in the fourth quarter, with the annual economic growth exceeding expectations.
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