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Singapore's economy grew 3.9% yearly in Q1 2025 but shrank 0.6% quarter-on-quarter, with growth forecast at 0-2%.
Singapore's economy grew 3.9% year-on-year in Q1 2025, primarily due to growth in wholesale trade, manufacturing, and finance and insurance sectors.
Despite this, the economy shrank 0.6% quarter-on-quarter.
The Ministry of Trade and Industry maintained its 2025 growth forecast at 0-2%, citing global uncertainties and downside risks such as potential trade tensions and economic slowdowns.
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La economía de Singapur creció un 3,9% anual en el primer trimestre de 2025, pero se redujo un 0,6% intertrimestralmente, con un pronóstico de crecimiento de 0-2%.