Singapore’s economy grew by 4.3% y-o-y in 2Q2025, extending a growth of 4.1% in 1Q2025, according to data released by the Ministry of Trade and Industry (MTI) on July 14. Singapore’s GDP growth averaged 4.2% y-o-y in 1H2025.
Singapore’s 2025 GDP growth “is expected to slow” amid a “challenging and uncertain” global trade environment, while inflationary pressures are “projected to be subdued”, says Deputy Prime Minister Gan Kim Yong in a message accompanying the Monetary Authority of Singapore’s (MAS) latest annual report for the financial year ended March 31.
Global growth “held up” in 2024, writes Gan, who is also MAS chairman, but the economic environment facing Singapore “turned more uncertain” in 2025.
