Singapore's gross domestic product (GDP) is projected to grow by 2.4% this year, above the Ministry of Trade and Industry's forecast range of 0% to 2%. According to Maybank's latest Invest ASEAN-Malaysia Conference 2025 report, this expansion is expected despite a possible slowdown in growth and trade in the second half of the year as US' reciprocal tariffs impact exports. "A construction boom, falling interest rates and fiscal support will help cushion the blow from a US tariff-induced trade slowdown. Singapore faces a relatively low reciprocal and effective tariff rate compared to other countries," said Chua Hak Bin, economist at Maybank. In the first quarter, Singapore's GDP grew 3.9%, thanks to robust construction (+5.5%) activity, along with better-than-expected manufacturing (+4.0%) and services (+3.6%). Frontloading is driving manufacturing and export growth in the second quarter. https://sbr.com.sg/in-focus/singapore-seen-grow-24-in-2025 (ICE SINGAPORE)

Fonte notizia: Singapore seen to grow 2.4% in 2025