Macro - Country Economic Forecasts - Singapore

We've maintained our 2025 GDP growth forecast for Singapore at 2.8%. Still, we acknowledge that the risks are shifting to the downside due to a worsening outlook for the external sector. With momentum set to slow, the Monetary Authority of Singapore is likely to ease policy again.


Singapore: Economic prospects dimmed amid global uncertainties
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
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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