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Macro - Country Economic Forecasts - Singapore

Publisher Oxford Economics
Published Jun 25, 2025
Length 9 Pages
SKU # OFE20204898

Description

We nudged up our 2025 GDP growth forecast for Singapore by 0.4ppts to 2%. This reflects stronger-than-expected trade flows in Q2, which more than offsets a downgrade to H2's growth pace. Middle Eastern tensions add to already high uncertainty. GDP growth is likely to slow to 0.6% in 2026, making more loosening by the Monetary Authority of Singapore (MAS) likely.

Table of Contents

9 Pages
Singapore: External headwinds continue to grow
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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