As per Bpaynews, Singapore’s economy grew 4.2% year-on-year in Q3 2025, surpassing the 4.0% market forecast and prompting the Ministry of Trade and Industry to raise its 2025 GDP growth outlook to around 4.0% from the previous 1.5%–2.5% range. The government also revised its 2026 growth projection to 1.0%–3.0%, citing potential moderation due to a cooling global cycle. Enterprise Singapore expects non-oil domestic exports to rise 2.5% in 2025 before slowing to 0.0%–2.0% in 2026. The Monetary Authority of Singapore maintained its monetary policy in October, while U.S. tariffs, including a potential 100% levy on branded pharmaceuticals, remain a risk, though implementation has been delayed for negotiations.
Singapore Upgrades 2025 Growth Outlook to 4.0% After Strong Q3 GDP Performance
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