AsianFin—Singapore’s growth should strengthen to “around its potential rate” for 2024 as a whole, the Monetary Authority of Singapore (MAS) said on Friday. The negative output gap is therefore expected to narrow and close by year-end, the central bank added in its half-yearly macroeconomic review. Singapore’s potential growth – the rate of growth it can sustain in the medium term without excess inflation – has not been stated explicitly by MAS, but is generally seen as being 2 to 3%.