Singapore's Q2 GDP grows 2.9% y/y, preliminary data shows

SINGAPORE, July 12 (Reuters) - Singapore's economy grew 2.9% in the second quarter of 2024 from a year earlier, almost matching the first quarter's upwardly revised 3.0% growth rate, preliminary government data showed on Friday.

Economists surveyed by Reuters had forecast annual gross domestic product (GDP) growth would come in at 2.7% in the April to June period.

On a quarter-on-quarter seasonally adjusted basis, GDP expanded 0.4% in the second quarter.

(Reporting by Xinghui Kok; Editing by John Mair)