AMRO upgrades Singapore's economic growth to 2.6% this year
The ASEAN+3 Macroeconomic Research Office has upgraded Singapore's economic growth to 2.6 per cent this year. For next year, it is 1.7 per cent. This is higher than the earlier forecast of 2.3 per cent for 2025 and 1.6 per cent for next year. The outlook is more optimistic than the Trade and Industry Ministry's most recent forecast. MTI expects this year's growth at between 1.5 and 2.5 per cent. Dr Runchana Pongsaparn, Group Head for Financial Surveillance at AMRO, talks about whether Singapore's tech sector and infrastructure spending will be enough to sustain economic momentum.
The ASEAN+3 Macroeconomic Research Office has upgraded Singapore's economic growth to 2.6 per cent this year. For next year, it is 1.7 per cent. This is higher than the earlier forecast of 2.3 per cent for 2025 and 1.6 per cent for next year. The outlook is more optimistic than the Trade and Industry Ministry's most recent forecast. MTI expects this year's growth at between 1.5 and 2.5 per cent. Dr Runchana Pongsaparn, Group Head for Financial Surveillance at AMRO, talks about whether Singapore's tech sector and infrastructure spending will be enough to sustain economic momentum.
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