US EditionSingapore Upgrades 2025 GDP Growth Forecast to 1.5%-2.5%; Economy Grew 4.4% in Q2
Singapore's Ministry of Trade and Industry raised the GDP forecast to 1.5%-2.5% after a 4.3% growth in H1 2025 but flagged downside risks from US tariffs on key exports.
- Singapore's Ministry of Trade and Industry raised its 2025 GDP growth forecast to 1.5% to 2.5% following a 4.4% growth in Q2 2025.
- The ministry warned that uncertainty from potential US tariffs could negatively affect the economy and slow growth in the second half of the year.
- Some sectors, like transport engineering and precision engineering, showed growth despite the expected slowing in outward-oriented sectors.
- Strong growth in export-oriented sectors, such as wholesale trade and manufacturing, contributed to the first-half GDP performance reported by MTI.
11 Articles
11 Articles
Singapore says GDP up 4.4pct in Q2, upgrades 2025 forecast
SINGAPORE: Singapore's economy grew by 4.4 per cent in the second quarter of 2025 from a year earlier, government data showed on Tuesday, slightly higher than an advance estimate of 4.3 per cent released last month. On a quarter-on-quarter, seasonally-adjusted basis, gross domestic product rose by 1.4 per cent in the April-June period, in line with the advance estimate and following a 0.5 per cent contraction in the first quarter. The trade mini…
Singapore says GDP up 4.4% y/y in Q2, upgrades 2025 forecast
SINGAPORE (Reuters) -Singapore’s economy grew by 4.4% in the second quarter of 2025 from a year earlier, government data showed on Tuesday, slightly higher than an advance estimate of 4.3% released last month. On a quarter-on-quarter, seasonally-adjusted basis, gross domestic product rose by 1.4% in the April-June period, in line with the advance estimate and following a 0.5% contraction in the first quarter. The trade ministry raised its GDP gr…
Singapore Says GDP up 4.4% Y/y in Q2, Upgrades 2025 Forecast
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