• Singapore’s economy grew 2.8% in the fourth quarter year-on-year, preliminary government data showed on Tuesday, faster than some economists expected and helped by improvements in construction and manufacturing.
  • The fourth quarter growth in gross domestic product (GDP) was faster than the 1% expansion in the third quarter of 2023.
  • For the full year of 2023, Singapore’s economy grew 1.2%, moderating from the 3.6% growth in 2022.