Macro - Country Economic Forecasts - Singapore

Macro - Country Economic Forecasts - Singapore



We've upgraded our 2024 GDP growth forecast for Singapore by 0.7ppts to 3.2%. Our revision reflects the stronger-than-expected Q3 GDP outturn which is likely to drop back in Q4. But risks are tilted to the upside due to buoyant electronics demand. A higher base for comparison means we expect annual GDP to slow to 3.0% in 2025.


Singapore: Strong growth postpones start to monetary loosening
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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