Most workers in Singapore have also received wage increases that outpace inflation, “making them better off in real terms”, said the prime minister in his New Year message.

Singapore's economy grew by 4.0 per cent in 2024, exceeding expectations, according to Prime Minister Lawrence Wong.

Singapore's GDP grew by more than 4% this year, says Prime Minister Lawrence Wong in his first New Year's message. This year-end showing exceeded the most recent official forecast of "around 3.5%" indicated by the Ministry of Trade and Industry on Nov 22.