Hanoi (VNA) - Economists raised their forecast for Singapore’s economic growth in 2025 to 2.4% from 1.7% previously, after stronger-than-expected economic performance in the second quarter, according to the latest survey of the Monetary Authority of Singapore released on September 3.
The survey, sent out on August 12 to a total of 25 economists and analysts who closely monitor the Singapore economy, said the economy expanded 4.4% year-on-year in the second quarter, beating the median forecast of 3% in the previous survey.
For the third quarter, economists expect growth to ease to 0.9% year-on-year.
Inflation projections remain subdued, with headline consumer prices forecast to rise 0.8% and core inflation 0.6% in the third quarter.
Geopolitical tensions, including the introduction of semiconductor and pharmaceutical tariffs, were cited as the most significant downside risk to Singapore's outlook. Respondents also pointed to external slowdowns and financial market volatility as potential risks./.
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