Singapore: Singapore Prime Minister Lawrence Wong says the city-state’s economy delivered a stronger-than-expected growth of 4.8% in 2025 and warned that sustaining the pace will be challenging.
“This is a better outcome than we expected, given the circumstances,” Wong said Wednesday in his New Year’s message. That beat the government’s forecast of around 4%, which was raised in November from between 1.5% and 2.5% previously.
Wong, 53, said Singapore benefitted from an artificial intelligence-related demand surge for semiconductors and electronics, and global growth turned out to be more resilient after many US tariffs were imposed at lower levels than earlier anticipated.
