Due to global uncertainty, Singapore’s economy is expected to face challenges in the short term. However, the Monetary Authority of Singapore (MAS) stated that the gross domestic product (GDP) growth, which nearly entered a technical recession mid-year, is anticipated to gradually improve next year. Additionally, core inflation is expected to ease by December.
Read the original article here: https://www.msn.com/en-us/money/markets/singapore-expects-economy-to-improve-in-second-half-of-2024/ar-AA1j3XbO