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
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[SINGAPORE] Private-sector economists and the Ministry of Trade and Industry (MTI) warned that the second half of 2025 will remain challenging, even as the official full-year growth forecast was upgraded on Tuesday (Aug 12).
After the economy’s strong second-quarter growth of 4.4 per cent – revised up marginally from the advance figure of 4.3 per cent – MTI raised its full-year forecast range to between 1.5 and 2.5 per cent, from between zero and 2 per cent previously.
The ministry noted that the revision largely reflects the first half-year’s better-than-expected performance, with key economies more resilient than expected since the US announced tariffs in April.
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