Singapore raises GDP growth forecast for 2025 to about 4% after better-than-expected Q3
Better-than-expected demand for AI-related products has pushed up performance in the manufacturing and wholesale trade sectors in the third quarter of this year. This is why the Trade and Industry Ministry has raised its GDP growth forecast for 2025 from 1.5 to 2.5% to around 4%. Analysts say that while 2026 is expected to be more muted when the full effect of US tariffs is felt, the economy will still stay resilient. Nasyrah Abdul Rohim reports.
Better-than-expected demand for AI-related products has pushed up performance in the manufacturing and wholesale trade sectors in the third quarter of this year. This is why the Trade and Industry Ministry has raised its GDP growth forecast for 2025 from 1.5 to 2.5% to around 4%. Analysts say that while 2026 is expected to be more muted when the full effect of US tariffs is felt, the economy will still stay resilient. Nasyrah Abdul Rohim reports.
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