Economists raise Singapore's 2025 growth forecast to 4.1% as key exports surge 11.6% in Nov
Singapore economists have upgraded full-year GDP growth this year to 4.1% from 2.4%. That's according to the central bank's survey of private analysts, who say momentum will likely come from a sustained tech cycle upturn. Geopolitical tensions were cited as the biggest downside risk for trade-dependent Singapore. Almost 18% of those polled also picked the bursting of the AI bubble as the biggest challenge. Meanwhile, Singapore's key exports grew 11.6% on-year in November, led by electronic products and pharmaceuticals, which jumped nearly 370% on-year.
Singapore economists have upgraded full-year GDP growth this year to 4.1% from 2.4%. That's according to the central bank's survey of private analysts, who say momentum will likely come from a sustained tech cycle upturn. Geopolitical tensions were cited as the biggest downside risk for trade-dependent Singapore. Almost 18% of those polled also picked the bursting of the AI bubble as the biggest challenge. Meanwhile, Singapore's key exports grew 11.6% on-year in November, led by electronic products and pharmaceuticals, which jumped nearly 370% on-year.
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