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Singapore Upgrades 2025 GDP Growth Forecast to Around 4% After Third Quarter Beats Estimates
The upgrade follows a 4.2% GDP growth in Q3 driven by manufacturing, wholesale trade, and finance, supported by strong demand for AI-related semiconductors and easing trade tensions.
- On Friday, the Ministry of Trade and Industry upgraded Singapore's 2025 GDP forecast to around 4% after third-quarter GDP rose 4.2% year-on-year, beating the 2.9% advance estimate.
- MTI said global demand and easing global trade tensions supported exports, while sustained demand for AI-related electronics should continue to support manufacturing and wholesale trade through 2025.
- Manufacturing expanded 5% year-on-year in Q3, while electronics manufacturing grew 6.1% with PCs, integrated circuits and disk drives among key contributors.
- Some market commentators warned of cautious policymaking, with analysts saying policymakers remain wary of next year's outlook, and She added: `We expect MAS to stay in pause mode at the January monetary policy review amid resilient growth and stable core inflation`.
- MTI warned the outlook for 2026 remains clouded, expecting growth between 1% and 3% amid risks from tariff actions and sectoral levies, including a 100% tariff on branded drugs put on hold.
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The Straits TimesReposted by 
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Asia OneSingapore hikes 2025 GDP growth forecast to around 4%, sees 1%-3% growth in 2026
Singapore raises its 2025 GDP growth forecast to around 4% due to strong Q3 performance in manufacturing, trade, and finance sectors. Read more at straitstimes.com.
·Singapore
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Singapore upgrades full-year growth forecast after stronger-than-expected Q3 performance
SINGAPORE: Singapore’s economy turned in a stronger performance than expected in the last quarter, prompting the Ministry of Trade and Industry (MTI) to revise this year’s growth forecast upward to about 4%. In figures released today, MTI reported that the economy expanded by 4.2% year-on-year in the last quarter, surpassing earlier projections. On a quarter-on-quarter […]
·Singapore
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Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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