Singapore's GDP growth expected between 1% and 3% in 2025
The economic outlook for Singapore this year has darkened after ending 2024 on a strong footing. GDP is expected to grow between 1 per cent and 3 per cent, lower than the 4 per cent growth expected last year. The risks include geopolitical tensions, an anticipated slowdown in China and uncertainty in the US when president-elect Donald Trump takes office. But there are bright spots in the trade-related services and manufacturing sector, driven by strong demand for chips used in PCs, smartphones and artificial intelligence devices.
The economic outlook for Singapore this year has darkened after ending 2024 on a strong footing. GDP is expected to grow between 1 per cent and 3 per cent, lower than the 4 per cent growth expected last year. The risks include geopolitical tensions, an anticipated slowdown in China and uncertainty in the US when president-elect Donald Trump takes office. But there are bright spots in the trade-related services and manufacturing sector, driven by strong demand for chips used in PCs, smartphones and artificial intelligence devices.
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