Macro - Country Economic Forecasts - Singapore

Macro - Country Economic Forecasts - Singapore



We've nudged up our 2024 GDP growth forecast for Singapore by 0.6ppts to 3.8% following an upward revision of Q3 GDP data. We maintain our view that economic momentum will drop back from Q4. But buoyant electronics demand suggests the pace of growth into next year is likely to remain healthy. So, we forecast economic growth will pick up to 4.1% in 2025.


Singapore: Electronics demand will support growth in 2025
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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