Singapore's GDP growth expected between 1% and 3% in 2025

The economic outlook for Singapore this year has darkened after ending 2024 on a strong footing. GDP is expected to grow between 1 per cent and 3 per cent, lower than the 4 per cent growth expected last year. The risks include geopolitical tensions, an anticipated slowdown in China and uncertainty in the US when president-elect Donald Trump takes office. But there are bright spots in the trade-related services and manufacturing sector, driven by strong demand for chips used in PCs, smartphones and artificial intelligence devices.