Economists keep 2.6% forecast for Singapore’s 2025 growth; Indonesia slowdown to have ‘limited’ impact

[SINGAPORE] Private-sector economists maintained a median forecast of 2.6 per cent for Singapore’s 2025 growth – with 3.8 per cent growth expected in the first quarter – and lowered their expectations for inflation, in a quarterly survey on Wednesday (Mar 19).

The survey was sent out on Feb 14, but economists told The Business Times that developments since then – including Indonesia’s economic slowdown and market turmoil – have not changed their views.

In the latest survey of professional forecasters by the Monetary Authority of Singapore (MAS), the median forecast for full-year headline inflation fell to 1.7 per cent, from 1.9 per cent in the previous quarter’s survey. For core inflation, the forecast slipped to 1.5 per cent, from 1.8 per cent.