Singapore’s economy grows 4.3% in second quarter, beating expectations
This photograph is shown by Marina Mr. Sands Hotels Resort and Garden by the Floor of the City silhouette in Singapore on June 27, 2025.
Roslan Rahman | AFP | Getty Images
The Singapore Economy grew by 4.3% to year in the second quarter of 2025, accelerated 4.1% in the first three months and exceeded expectations. The survey of Reuters economists envisaged a growth of 3.5%.
On a quarter -quarter basis, Singapore’s GDP increased by 1.4%, which has become 0.5% contraction in the last quarter.
GDP growth was managed by the manufacturing sector, which expanded from 4.4% to 5.5% in the first quarter of 2025. 17% of the country’s economy.
Despite the GDP rhythm, Singapore The Ministry of Commerce and Industry said it in its release “Considering the lack of clarity on the tariff policies of the USA, there are significant uncertainty and negative risks in the global economy in the second half of 2025”
In April, the MTI reduced the country’s GDP growth from 1%to 3%to 0 to 2%. Singapore recorded a 4.4% full -year GDP growth figure in 2024.
Unlike other countries shot with “tariff letters” in Southeast Asia, Singapore did not receive such a “letter” from US President Donald Trump.
However, although Singapore has carried out a trade deficit with the United States and has made a free trade agreement since 2004, it is faced with a 10% tariff from the USA.
Singapore’s economic flexibility task force was founded in April in response to US tariffs, Announced last week It will offer businesses to cope with the influence of global trade tensions.
The GDP version also prevented the decision of monetary policy by the country’s Central Bank in July.
At the May meeting, Singapore Monetary Authority loosen its policy a second flat time, saying that the economic appearance arising from a sharper decline in Singapore’s financial market volatility departments and a sharper decline in the final demand abroad is negative.
MAS also warned that a more sudden or permanent weakening in global trade will have a significant impact on trade sectors and even wider economy.
However, the country’s inflation numbers support a ratio deduction.
Singapore’s title inflation rate fell to 0.8% in May, the lowest level since February 2021, except for accommodation and special transportation core inflation, compared to the previous month was 0.6% compared to 0.6% in May.
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