The Business Times

Singapore GDP

Singapore

UOB lifts 2026 Singapore GDP forecast on ‘solid’ Q4 growth, ‘outperformance’ in 2025; RHB maintains projections

AI-related electronics demand, improving trade dynamics and anticipated global monetary easing are set to drive economic expansion

The Republic’s economy expanded 4.8% year on year in 2025, while Q4 GDP growth came in at 5.7%, advance estimates from MTI showed.
Economy & Policy

Economists hold 2026 Singapore growth forecasts despite strong 2025 finish

This year’s risks include trade policy uncertainty, geopolitical tensions and manufacturing normalisation

In 2026, the Ministry of Trade and Industry expects Singapore’s economy to grow by between 1% and 3%.
Economy & Policy

Singapore’s economy up 4.8% in 2025; Q4 GDP comes in at 5.7%

On a seasonally adjusted, quarterly basis, economic growth is at 1.9%

Some think there will be slower growth in 2026 as global uncertainties persist, though sectors tied to digitalisation and finance are expected to remain resilient.
Economy & Policy

Economists raise 2025 Singapore growth forecasts on strong Q3, but stay cautious on 2026

Still, most private-sector analysts upgrade estimates for next year, with some projections at the higher end of the official 1 to 3% range

With the updated Q3 figure, GDP growth for the first three quarters averages 4.3% year on year.
Economy & Policy

Singapore raises 2025 growth forecast to ‘around 4%’, expects 1-3% growth in 2026

The upgrade is due to better-than-expected Q3 performance, driven by AI chips

MAS has excluded the recently announced 100% tariffs on China and pharmaceuticals from its baseline forecasts due to implementation uncertainty.
Singapore

Singapore’s full-year growth set to track near potential rate after resilient Q3 beats expectations

Economists lift 2025 forecasts after third-quarter GDP rises 2.9%, but caution over cooling momentum and external headwinds in 2026

On a seasonally adjusted quarterly basis, gross domestic product rose 1.3%, edging down slightly from the 1.5% advance recorded in the second quarter.
Singapore

Singapore GDP up 2.9% in Q3, surpassing forecasts

Advance estimates show moderation from previous quarter, as manufacturing sector stalls

A rate of 2-3% is “marvellous” for larger economies, but may be too low for a small economy such as Singapore's, says Deputy Prime Minister Gan Kim Yong.
Singapore

Singapore should aim to grow faster than eventual 2-3% long-term rate: Gan Kim Yong

Even as a mature economy, the Republic’s growth rate does not have to slow down yet, he says

Economists expect a pullback in H2, as front-loading momentum dissipates.
Singapore

Economists, MTI cautious on Singapore’s H2 growth despite full-year forecast upgrade

Growth for 2025 is now forecast at 1.5-2.5%, up from 0-2% before, after a strong Q2

For the second quarter, year-on-year growth is revised upwards marginally to 4.4%, from the advance estimate of 4.3%.
Singapore

Singapore full-year growth forecast upgraded on strong Q2, but MTI warns of uncertainty ahead

The official growth forecast range is now 1.5-2.5%, from 0-2% before

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