Singapore Q2 GDP +four.four% y/y (vs. four.three% anticipated) & +1.four% q/q

Singapore’s economic system expanded four.four% year-on-year in Q2, barely above the sooner four.three% estimate, with quarter-on-quarter progress of 1.four% following a zero.5% contraction in Q1. The Ministry of Commerce and Business upgraded its 2025 GDP progress forecast to 1.5–2.5% from zero.zero–2.zero%, citing stronger-than-expected first-half efficiency.

Non-oil home exports are nonetheless anticipated to develop 1.zero–three.zero% this yr, however officers warned the outlook for the remainder of 2025 stays unsure, with dangers skewed to the draw back and progress more likely to sluggish within the second half in comparison with the primary.

This text was written by Aaron Cutchburt at investinglive.com.