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By Rodrigo Santos Andrade
Singapore economy beats 2025 forecasts with 4.8% growth but pace will be hard to sustain: PM Wong
visibility comment0 event December 31, 2025 timer 07:00
Singapore’s economy delivered a stronger-than-expected growth of 4.8% amid fractured trade and geopolitical tensions globally, Prime Minister Lawrence Wong said on Wednesday (Dec 31). However, he cautioned that Singapore must remain "realistic" as sustaining this pace of growth will be challenging.
Mr Wong added that Deputy Prime Minister Gan Kim Yong, who is also Minister for Trade and Industry, is leading a team of younger political office holders in rethinking economic strategies to help keep Singapore competitive. Their first set of proposals will be released soon, and the government will respond at Budget 2026, he said. https://cna.asia/3LfFSKP
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