Category Singapore

Singapore avoided recession in 2023, achieving 1.2% GDP growth. Despite global challenges, a positive outlook for 2024 is fueled by recovering global economies and service exports. The nation's electronics and pharmaceutical industries show promise, but an ageing population poses a long-term economic threat.

In a surprising turn of events, Tharman Shanmugaratnam secured an unprecedented 70.4% victory in Singapore's 2023 Presidential Election, raising questions about PAP's endorsement and the nation's political landscape.