Singapore's economy grew better-than-expected in the fourth quarter, but at a slower pace than the previous quarter. Advanced data released Thursday (Jan 2) shows GDP rose 4.3 per cent on-year in the October to December quarter, slightly higher than analyst estimates. Full-year growth was lifted to 4 per cent, exceeding the official forecast of an expansion of around 3.5 per cent. Brian Tan, head of non-China EM Asia Economics Research at Barclays, tells CNA’s Asia First that Singapore’s economy is entering 2025 on a relatively solid footing, but the horizon looks cloudy.
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