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Singapore Kicks Off 2025 on Strong Note, Flags Downside Risks
Singapore Kicks Off 2025 on Strong Note, Flags Downside Risks

Bloomberg

time22-05-2025

  • Business
  • Bloomberg

Singapore Kicks Off 2025 on Strong Note, Flags Downside Risks

Singapore's economy kick-started 2025 on a faster-than-expected note, enjoying a flurry of manufacturing and export activity as businesses rushed to avoid the imposition of higher US tariffs. Gross domestic product grew 3.9% in the three months through March from a year earlier, the Ministry of Trade and Industry said in its final estimate on Thursday. The figure compares with a median forecast of a 3.6% growth in a Bloomberg survey of economists, and the government's advanced estimate of 3.8%.

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