Singapore’s GDP
Good news for investors who are looking at Singapore’s economic growth numbers. The Ministry for Trade and Industry (MTI) is keeping its forecast for Singapore’s gross domestic product (GDP) at between 1% to 3% for 2024. Singapore’s economy grew by 2.7% year on year for the first quarter of 2024 (1Q 2024), slightly better than the expansion of 2.2% chalked up in the previous quarter. The better numbers were driven by the finance and insurance, transportation and storage, and wholesale trade sectors. Luckily, economic growth in the US and China was better than projected in 1Q 2024. Both countries saw stronger-than-expected domestic demand. Regional economies such as South Korea and Taiwan were supported by the global electronics recovery that was boosted by strong demand for artificial intelligence (AI) related chips.Nvidia (NASDAQ: NVDA)
Nvidia released another set of blowout earnings for its first quarter of fiscal 2025 (1Q FY2025) ending 28 April 2024....
