Singapore Outpaces Expectations With Strong Q4 Growth In 2023
Singapore Outpaces Expectations With Strong Q4 Growth In 2023
Singapore's economy accelerated in Q4 2023, outperforming economists' predictions largely due to the progress in the construction and manufacturing sectors.
新加坡经济在2023年第四季度加速，表现超过了经济学家的预期，这主要是由于建筑业和制造业的进步。
What Happened: As reported by Reuters, Singapore's economy grew by 2.8% year-on-year during the fourth quarter, with the construction and manufacturing sectors playing a significant role in this growth.
发生了什么：据路透社报道，新加坡经济在第四季度同比增长2.8％，其中建筑和制造业在增长中发挥了重要作用。
This figure outshone the 1% increase recorded in Q3 2023. Throughout 2023, the economy expanded by 1.2%, a decrease from the 3.6% growth in 2022.
这个数字超过了2023年第三季度创下的1％的增长。整个2023年，经济增长了1.2％，低于2022年的3.6％。
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OCBC's Selena Ling and Maybank's Chua Hak Bin, both economists, acknowledged that the Q4 growth exceeded their forecasts. Ling had predicted a 1.8% expansion, and Chua had forecasted a 2.5% growth. "Green shoots are sprouting in exports and manufacturing, brightening the outlook for 2024," Chua commented, anticipating a GDP growth of 2.2% in 2024. Ling's 2024 forecast aligns with the trade ministry's projections, predicting growth between 1% and 3%.
华侨银行的赛琳娜·凌和马来亚银行的蔡克彬都是经济学家，他们承认第四季度的增长超出了他们的预期。林曾预测增长1.8％，蔡曾预测增长2.5％。蔡评论说：“出口和制造业的绿芽正在萌芽，为2024年的前景增光添彩，” 他预计2024年的国内生产总值将增长2.2％。林对2024年的预测与贸易部的预测一致，预测增长在1％至3％之间。
The GDP grew 1.7% on a quarter-on-quarter seasonally adjusted basis in the October-December period, an improvement on the 1.3% expansion in the third quarter. The Monetary Authority of Singapore (MAS) is expected to review its monetary policy no later than Jan. 29.
经季节性调整后，10月至12月期间，国内生产总值同比增长1.7％，比第三季度1.3％的增长有所改善。预计新加坡金融管理局（MAS）将在1月29日之前审查其货币政策。
Why It Matters: This encouraging Q4 growth comes on the heels of Singapore's impressive economic performance in 2021. Singapore's economy registered a 7.2% growth in 2021, its highest in over a decade, bouncing back from a 5.4% contraction due to the pandemic in the previous year. The news of this robust growth positively impacted U.S.-listed companies in Singapore, with shares of companies such as CapitaLand Ascendas REIT (OTC:ACDSF), Keppel Corp Ltd (OTC:KPELY), and Singapore Telecommunications Ltd (OTC:SGAPY) going up.
为何重要：这种令人鼓舞的第四季度增长是在新加坡2021年取得令人印象深刻的经济表现之后出现的。新加坡经济在2021年实现了7.2％的增长，为十多年来的最高水平，从去年疫情造成的5.4％的萎缩中反弹。这一强劲增长的消息对新加坡的美国上市公司产生了积极影响，凯德置地腾飞房地产投资信托基金（场外交易代码：ACDSF）、吉宝有限公司（场外交易代码：KPELY）和新加坡电信有限公司（场外交易代码：SGAPY）等公司的股价上涨。
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