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Singapore's GDP Surges 4.3% Amid Falling Inflation

1/3/2025

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Summary

Story summary

Singapore's GDP increased by 4.3% in Q4 2022, exceeding the 3.3% forecast.
Quarter-on-quarter growth recorded at 0.1%.
Economists predict 1.0% to 3.0% growth in 2025, impacted by U.S. tariffs.
November's inflation rate fell to 1.9%, the lowest in nearly three years, enabling possible monetary policy easing.
The Monetary Authority of Singapore plans to review policy by January.

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Story summary

Singapore's GDP increased by 4.3% in Q4 2022, exceeding the 3.3% forecast.
Quarter-on-quarter growth recorded at 0.1%.
Economists predict 1.0% to 3.0% growth in 2025, impacted by U.S. tariffs.
November's inflation rate fell to 1.9%, the lowest in nearly three years, enabling possible monetary policy easing.
The Monetary Authority of Singapore plans to review policy by January.