Singapore to see 2.6% GDP growth in 2025: survey

This forecast range is deemed the most probable by 46% of the economists surveyed.

Professional forecasters expect a steady economic growth of 2.6% for Singapore in 2025, with the most likely outcome for GDP growth expected to fall between 2.5% and 2.9%, according to a survey by the Monetary Authority of Singapore (MAS).

This forecast range is deemed the most probable by 46% of the economists surveyed, marking a slight shift in expectations compared to previous surveys.

The survey, which gathered responses from 20 economists and analysts monitoring the Singapore economy, reflects cautious optimism about the country's growth outlook.

Whilst the economy exceeded expectations in the last quarter of 2024, respondents identified several risks to the 2025 forecast, with geopolitical tensions, including potential trade disruptions and a weaker growth trajectory in China.

In addition to the economic growth projections, respondents also anticipate a slight decrease in inflation, with CPI-All Items inflation forecasted at 1.7% for 2025 and MAS Core Inflation expected at 1.5%.

Meanwhile, a smaller proportion of respondents (16%) expect a reduction in the slope of the Singapore Dollar Nominal Effective Exchange Rate policy band for April 2025, with a larger proportion (29%) anticipating such a move for July 2025.