CNA Singapore economy beats 2025 forecasts with 4.8% growth but pace will be hard to sustain: PM Wong

Singapore’s economy delivered a stronger-than-expected growth of 4.8% amid fractured trade and geopolitical tensions globally, Prime Minister Lawrence Wong said on Wednesday (Dec 31). However, he cautioned that Singapore must remain “realistic” as sustaining this pace of growth will be challenging.
Mr Wong added that Deputy Prime Minister Gan Kim Yong, who is also Minister for Trade and Industry, is leading a team of younger political office holders in rethinking economic strategies to help keep Singapore competitive. Their first set of proposals will be released soon, and the government will respond at Budget 2026, he said. https://cna.asia/3LfFSKP

Subscribe to our channel here: https://cna.asia/youtubesub

Visit our website: https://cna.asia
Download our app: https://cna.asia/app

Get our editors’ picks of stories via chat apps:
Telegram: https://cna.asia/telegram
WhatsApp: https://cna.asia/whatsapp

Follow us on these platforms:
https://www.facebook.com/channelnewsasia
https://www.instagram.com/channelnewsasia

@channelnewsasia

Watch the full video on YouTube