In addition, the IMF has trimmed its 2025 GDP growth forecast for Singapore by 0.2 ppt to 2.3%, even as it maintains its 2025 Asia and Asean forecasts at 4.3% and 4.8% respectively.
The International Monetary Fund (IMF) is keeping its 2024 growth forecast for Singapore unchanged at 2.1%, despite the country’s GDP growth coming in 0.1 percentage points (ppt) higher than its previous forecast in October 2023.
For the current year, the IMF expects Asia and Asean to post GDP growth of 4.5% and 4.6% respectively. The IMF’s Asia growth forecast is 0.3 ppt higher than its last forecast six months ago, while its Asean forecast is unchanged.
