Economic Buzz: Singapore Q1 GDP grows 3.9% YoY, but quarterly contraction signals headwinds

Singapore?s economy expanded 3.9% year-on-year in Q1 2025, down from 5% in the previous quarter, led by gains in wholesale trade, manufacturing, and finance. However, GDP shrank 0.6% quarter-on-quarter, reversing a 0.5% rise in Q4 2024. Citing near-term challenges, the government lowered its 2025 growth forecast to 0%?2% from 1%?3%.

Powered by Commodity Insights