Singapore growth outlook downgraded for 2025-2026

Trade policy uncertainty weighs on projections.

Singapore’s economic growth forecast for 2025 and 2026 has been revised downward due to weaker external demand and ongoing trade policy uncertainty, according to the latest Asian Development Outlook (ADO).

Gross domestic product (GDP) expanded 3.9% year-on-year in the first quarter of 2025, but full-year projections have been cut as external headwinds weigh on exports and manufacturing.

Inflation in Singapore averaged 0.9% in the first five months of the year.

Forecasts were revised down to 1% for 2025 and 1.2% for 2026. Food inflation is expected at 2.2% in 2025 and 3% in 2026.

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia