Singapore GDP grows 3.9% y/y in Q1 2025, slightly above advance estimate
SINGAPORE, May 22 (Reuters) - Singapore's economy grew by 3.9% in the first quarter of 2025 from a year earlier, government data showed on Thursday, slightly higher than an official advance estimate of 3.8% released last month.
On a quarter-on-quarter, seasonally-adjusted basis, gross domestic product contracted by 0.6% in the January-March period, compared with an advance estimate of a 0.8% contraction.
The trade ministry maintained its GDP growth forecast for 2025 at 0.0% to 2.0%, after revising it downwards from 1.0% to 3.0% in April.
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Most new homes must have solar panels and heat pumps under Government proposals
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Most new homes must have solar panels and heat pumps under Government proposals
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