Singapore Sees Rapid GDP Growth: Trade, Finance and Manufacturing Sectors Drive Expansion
2025-02-14
MSN
Singapore's annual GDP has experienced its fastest growth since 2021, driven by significant contributions from the trade, finance, and manufacturing sectors. The country's GDP grew by 5% year on year in the fourth quarter, surpassing the forecasted 4.7% predicted by economists. As the city-state prepares for the upcoming budget announcement for 2025 by Prime Minister Lawrence Wong, this latest economic data highlights a positive trend in Singapore's economic recovery and growth, with key sectors such as international trade and financial services playing a crucial role. This growth is expected to have a positive impact on the overall economic outlook for the region.
