Citing external conditions, the Ministry of Trade and Industry has maintained its full-year 2025 forecast at between 1 and 3%.
Singapore reported better-than-expected 2024 GDP growth but given looming uncertainties, economists have kept their 2025 forecasts flagging slower growth this year.
In 4Q 2024, Singapore's GDP grew 5%, bringing 2024 growth to 4.4%, a significant jump over 2023's 1.8%. However, growth was uneven, even within specific industries.
