Singapore Q2 GDP up 2.9% y/y, matching advance estimate
SINGAPORE - Singapore's economy grew 2.9% in the April-June quarter from a year earlier, matching the official advance estimate released last month and above market expectations, government data showed on Tuesday.
The trade ministry said it had adjusted its GDP growth forecast range for 2024 to 2.0% to 3.0%, from 1.0% to 3.0% previously. On a quarter-on-quarter, seasonally adjusted basis, GDP expanded 0.4% in the April to June period, also matching the advance estimate.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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