Economic Forecast For 2024. Global growth is projected to be in line with the april 2024 world economic outlook (weo) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025. The ministry of trade and industry (mti) announced today that singapore’s gdp growth forecast for 2024 has been narrowed to “2.0 to 3.0 per cent”, from “1.0 to 3.0 per cent”.
These are holding down confidence and spending, putting the 2024 growth target of 5% in danger. For some economists, the global economy still looks rocky and could weaken further over the next year.