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OverviewAPI
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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