Singapore Q2 GDP +4.4% y/y (vs. 4.3% expected) & +1.4% q/q | investingLive

Singapore’s economy expanded 4.4% year-on-year in Q2, slightly above the earlier 4.3% estimate, with quarter-on-quarter growth of 1.4% following a 0.5% contraction in Q1.

The Ministry of Trade and Industry upgraded its 2025 GDP growth forecast to 1.5–2.5% from 0.0–2.0%, citing stronger-than-expected first-half performance.

Non-oil domestic exports are still expected to grow 1.0–3.0% this year, but officials warned the outlook for the rest of 2025 remains uncertain, with risks skewed to the downside and growth likely to slow in the second half compared to the first.