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MAS May Loosen Singdollar Policy on Tougher Growth Outlook for 2025
The Straits Times
|January 03, 2025
Singapore's economic growth beat estimates in the last three months of 2024 but slowed from the prior quarter.
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This potentially provides scope for the central bank to slightly loosen monetary settings in 2025.
Gross domestic product (GDP) grew 4.3 per cent in the three months through December from a year earlier, according to advance estimates released on Dec 2.
That beat the median analyst estimate of a 3.8 per cent gain, although it slowed from the 5.4 per cent growth in the July to September period.
Quarter on quarter, the economy grew 0.1 per cent against median expectations for a 0.8 per cent drop.
The government did not provide an outlook for growth in 2025, although it said in November it expects the economy to rise between 1 per cent and 3 per cent in 2025.
Bloomberg Economics estimates expansion in 2025 at 2.5 per cent, as Singapore's resilience could be tested by offshore factors.
Denne historien er fra January 03, 2025-utgaven av The Straits Times.
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