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Singapore Boosts 2025 GDP Forecast Amid Economic Risks

11/22/2025

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Summary

Story summary

Singapore's Ministry of Trade and Industry raised its 2025 GDP forecast to around 4% from 1.5%–2.5%.
Q3 GDP rose 4.2% year over year, led by manufacturing, wholesale trade, and finance, driven by AI-related semiconductors.
For 2026, growth is forecast at 1%–3% as U.S. tariffs weigh global demand.
The food and beverage sector contracted 1.2%, and the Ministry noted risks including trade tensions and economic uncertainty.

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Story summary

Singapore's Ministry of Trade and Industry raised its 2025 GDP forecast to around 4% from 1.5%–2.5%.
Q3 GDP rose 4.2% year over year, led by manufacturing, wholesale trade, and finance, driven by AI-related semiconductors.
For 2026, growth is forecast at 1%–3% as U.S. tariffs weigh global demand.
The food and beverage sector contracted 1.2%, and the Ministry noted risks including trade tensions and economic uncertainty.