Taking into account the external and domestic economic environment, and barring the materialisation of downside risks, the Singapore economy is projected to expand by 1% to 3% in 2025, says MTI.
Singapore's GDP growth in the final quarter last year eased slightly versus the preceding three months. Nonetheless, the full year ended with a growth of 4.4%, an acceleration over 1.8% chalked up in 2023.
According to the Ministry of Trade and Industry (MTI), Singapore's GDP grew by 5.7% in 4Q2024, a slight drop versus 5.7% reported for 3Q2024.
