Singapore’s 2026 projected GDP has also been revised higher to 2.0% from 1.7% in April and 2.6% in November 2024.
Bank of America Global Research (BofA) has raised its GDP growth projections for Singapore, Malaysia and Vietnam following a sharp cut to forecasts in April. Still, the latest projections are below BofA’s forecasts issued in November 2024.
In a July 1 report, BofA revised their 2025 and 2026 growth forecasts for Asean, raising Singapore’s 2025 projected GDP to 1.8% from 1.4% in April and 2.6% in November 2024.
