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Tuesday, 10 December 2024

Investing Updates: S’pore GDP growth to soften to 2.4% in 2025 from 3.0% in 2024: CGSI


URL: https://www.theedgesingapore.com/news/singapore-economy/spore-gdp-growth-soften-24-2025-30-2024-cgsi

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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