In the current survey, the respondents also expect Singapore’s GDP to grow by 2.6% in 2025, unchanged from the previous survey. Singapore's GDP this year is expected to be led by the finance & insurance and construction sectors.
Singapore’s GDP is expected to expand by 3.8% y-o-y in 1Q2025, according to the 20 economists and analysts polled in Monetary Authority of Singapore’s (MAS) survey of professional forecasters for March 2025. This comes after the city-state’s economy expanded by 5% y-o-y in 4Q2024, exceeding the respondents’ median forecast of 3.1% in the December 2024 survey.
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