Singapore's GDP forecast for 2025 kept at 1-3%, after a 4.4% expansion in 2024
Singapore has kept its GDP forecast for this year at between one and three per cent growth. This comes after a better-than-expected performance last year, which analysts say is unlikely to be repeated in 2025. Barnabas Gan, Acting Group Chief Economist at RHB Bank, talks about the consumption patterns in Singapore's economy and how it will dip in 2025. External trade will likely still be the main driver of growth for Singapore in the coming year. Report by Kate Low.
Singapore has kept its GDP forecast for this year at between one and three per cent growth. This comes after a better-than-expected performance last year, which analysts say is unlikely to be repeated in 2025. Barnabas Gan, Acting Group Chief Economist at RHB Bank, talks about the consumption patterns in Singapore's economy and how it will dip in 2025. External trade will likely still be the main driver of growth for Singapore in the coming year. Report by Kate Low.
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