Summary: Singapore’s Ministry of Trade and Industry (MTI) upgraded its 2025 GDP growth forecast to “around” 4% due to better-than-expected third-quarter performance and improved global economic conditions. The upgrade reflects robust exports growth in China and Vietnam, a stronger-than-expected AI boom in the US, and easing trade tensions. However, MTI expects GDP growth to moderate to 1% to 3% in 2026 due to the anticipated impact of US tariffs on key trading partners.

Link: https://www.theedgesingapore.com/news/singapore-economy/singapore-upgrades-2025-gdp-growth-forecast-around-4-after-better-expected