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