The Business Times
business-time-50

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

Summarise
google-preferred-sourceAdd BT as a preferred source
Tessa Oh

Tessa Oh

Published Tue, Oct 14, 2025 · 03:00 PM
阅读简体中文版 (beta)
    • MAS has excluded the recently announced 100% tariffs on China and pharmaceuticals from its baseline forecasts due to implementation uncertainty.
    • MAS has excluded the recently announced 100% tariffs on China and pharmaceuticals from its baseline forecasts due to implementation uncertainty. PHOTO: TAY CHU YI, BT

    [SINGAPORE] The Republic’s economy is on track to deliver full-year growth close to its potential path, after third-quarter gross domestic product showed unexpected resilience and surpassed market expectations.

    Singapore’s economy grew 2.9 per cent year on year (yoy) in Q3, slowing from the previous quarter’s 4.5 per cent, advance estimates from the Ministry of Trade and Industry showed on Tuesday (Oct 14).

    Nevertheless, the Q3 performance beat the median forecast of 2 per cent growth projected by private-sector economists polled by Bloomberg.

    Singapore economySingapore GDPTrump tariffs

    TRENDING NOW

    Yeoh Pei Xien is the youngest grandchild of Yeoh Tiong Lay, who founded Malaysian multinational conglomerate YTL Corporation.

    Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    Keppel declares an interim cash dividend of S$0.15 per share for H1 2026, unchanged from the year-ago period.

    Keppel H1 net profit drops 59% to S$155 million on impairments, M1 deal fallout; shares fall 4%

    Singtel says both options remain at an exploratory level for now.

    Singtel explores Nasdaq-SGX dual listing for data centre arm Nxera, local data centre Reit

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More