Singapore’s economy’s growth forecast has been kept up by private sector economists at 2.6 % for this year.  ,
This growth rate is lower than the 4.4 % increase from the previous month. The Ministry of Trade and Industry projects that Singapore’s economic development will increase by between 1 and 3 percent this year.
Economics cited higher tariffs, among other factors, as the major downside risk. Additionally, they noted a rise in inflation and a weaker China development.
More solid growth in China, a sustained technical cycle recovery, and milder-than-expected trade tensions were the most often raised upside risk to Singapore’s financial outlook.
These findings were made public on Wednesday ( Mar 19 ) in the most recent survey of professional forecasters conducted by the Monetary Authority of Singapore ( MAS ).  ,
The survey received responses from 20 academics and researchers in full.  ,
According to the report, the most likely outcome is for the Singaporean economy to grow by 2.5 % to 2.9 % this year, similar to the previous survey conducted in December 2024.
Core inflation, which excludes charges for lodging and private transport, is projected to increase by 1.5 % in 2025, falling within the official forecast collection of 1 to 2 percent.
In April’s monetary policy review, about 16 % of respondents anticipate a decrease in the slope of the Singdollar nominal effective exchange rate ( S$ NEER ) policy band. In July, a larger percentage of 29 % of people anticipate making such a walk.
Because Singapore is a free market economy that greatly depends on business, MAS uses the exchange rate as its principal plan tool.
The Singapore dollar’s change frequency is referred to as the S$ NEER, which is calculated using a trade-weighted basket of foreign assets from Singapore’s main trading partners.
GDP growth is anticipated to increase by 2.3 % for 2026, while core inflation is projected to increase by 1.7 %.