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Investing.com-- Singapore’s economy expanded 4.2% in the third quarter of 2025 from a year earlier, prompting the government to upgrade its full-year growth forecast, the Ministry of Trade and Industry (MTI) said on Friday.
The figure, revised up from an advance estimate, followed 4.7% growth in the second quarter and brought average expansion in the first nine months to 4.3%.
MTI said it now expects 2025 GDP to grow “around 4.0%,” compared with its previous 1.5–2.5% forecast, citing stronger-than-expected global conditions, resilient trade flows, and a surge in demand for AI-related electronics.
It projected 2026 growth at 1-3% as tariff effects and slower external demand weigh on regional economies.
Third-quarter growth was driven by manufacturing, wholesale trade and finance, bolstered by robust electronics output and a rebound in machinery and equipment sales.
Electronics expanded on the back of soaring demand for semiconductors, servers, and related products, while finance benefited from higher fees and stronger credit activity.
MTI said ongoing AI-driven demand and steady services activity should continue to support the economy through year-end, though it warned of risks from renewed trade tensions and potential financial market volatility.