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Singapore's Economy Rebounds with Manufacturing Sector
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Singapore's economy grew by 2.8% in the fourth quarter of 2023, driven by a rebound in the manufacturing sector and continued expansion in construction output. The services sectors, including wholesale and retail, also contributed to the growth. The Ministry of Trade and Industry forecasts a potential 1% to 3% expansion in 2024, with gradual economic growth expected in the first half of 2024 and recovery expected in the second half.
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How does Singapore's economic performance compare to other major global economies?
How might the rebound in the manufacturing sector impact Singapore's overall economic growth?
What factors could potentially hinder Singapore's economic expansion in 2024?
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