SINGAPORE -- The city-state on Tuesday upgraded its full-year economic growth projection for 2024 to 2% to 3% from the previous range of 1% to 3%, projecting a gradual recovery in the manufacturing sector.
"Singapore's manufacturing sector is expected to see a gradual recovery in the second half of the year," the Trade and Industry Ministry said in a news release. "In particular, the electronics cluster is projected to recover more strongly, supported by robust demand for smartphones, PC and AI-related chips."
