Singapore set for manufacturing boom, modest income growth for banks
The Republic is poised for solid electronics-led export expansion in 2025, while its lenders are expected to maintain a stable net interest income
Add BT as a preferred source
IN LATE 2023, we projected 4 per cent for Singapore’s 2024 gross domestic product (GDP) growth, which was notably more optimistic than the government’s initial 1 to 3 per cent forecast.
At the time, the estimate seemed ambitious.
However, through the course of the year, strong GDP results emerged in the second half. The government raised its forecast to 2 to 3 per cent in August, and then to around 3.5 per cent in November.
TRENDING NOW
Think twice about rebuilding that old landed property into a super-big house to max out GFA
SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’
