Singapore’s GDP growth is projected to ease from 3.0% in 2024 to 2.4% in 2025, aligning with MTI’s forecast. Inflation is expected to decline to 2.0% in 2025, down from 2.4% in 2024. Core profit growth for listed companies is anticipated at 5.6% and 6.8% in 2024 and 2025, driven by financials and internet services. Risks include geopolitical tensions and potential tariff policies. Manufacturing, especially electronics, remains a key growth driver, while easing COE and oil prices may mitigate inflationary pressures. MAS policy adjustments are anticipated in 2025.
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