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Singapore’s MAS reports global and domestic economies have shown resilience so far. GDP growth expected to slow in H2 2025 with output dipping slightly below potential. For full year 2025, output gap projected to average around 0%.
🇸🇬 SINGAPORE'S MAS: GDP GROWTH TO MODERATE IN H2 2025 AS FRONT-LOADED ACTIVITY FADES GLOBAL SLOWDOWN TO WEIGH ON OUTLOOK RISKS FROM TRADE CONFLICTS, FINANCIAL OR GEOPOLITICAL SHOCKS MAY FURTHER DAMPEN GROWTH
🇸🇬 SINGAPORE’S MAS: GLOBAL & DOMESTIC ECONOMIES HAVE SHOWN RESILIENCE SO FAR GDP GROWTH TO SLOW IN H2 2025, OUTPUT TO DIP SLIGHTLY BELOW POTENTIAL FOR FULL YEAR 2025, OUTPUT GAP EXPECTED TO AVERAGE AROUND 0%
The Monetary Authority of Singapore said core and headline inflation are likely to average between 0.5% and 1.5% in 2025, adding that near-term price pressures remain contained. After a front-loaded surge in activity during the first half of 2025, GDP growth is expected to lose momentum in the second half, with output dipping slightly below potential. For the full year, the authority projects the output gap will hover around zero, while the outlook for 2026 remains highly uncertain. MAS warned that a global slowdown, persistent trade conflicts and possible financial or geopolitical shocks could further dampen growth and tilt the economic outlook to the downside.
