Singapore's 2025 GDP Growth Likely to Exceed Expectations -- Market Talk

Dow Jones12-26

0824 GMT - Singapore's economic growth this year could exceed UOB's forecast if factory output rebounds in December, UOB economist Alvin Liew says in a note. Factory output rose 14.3% on year in November but slipped on month after two consecutive months of expansion. The pullback likely reflects fading momentum in pharmaceutical output and a slight monthly decline in electronics production, the UOB economist says. He maintains his GDP growth forecast at 4.4% for 2025 but notes that the estimate is "somewhat conservative," as it assumes a further correction in factory output in December. UOB expects Singapore's GDP to expand by 2.1% in 2026. Advance GDP estimates for 4Q and the full year 2025 are due Jan. 2. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

December 26, 2025 03:24 ET (08:24 GMT)

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He maintains his GDP growth forecast at 4.4% for 2025 but notes that the estimate is \"somewhat conservative,\" as it assumes a further correction in factory output in December. UOB expects Singapore's GDP to expand by 2.1% in 2026. Advance GDP estimates for 4Q and the full year 2025 are due Jan. 2. 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Factory output rose 14.3% on year in November but slipped on month after two consecutive months of expansion. The pullback likely reflects fading momentum in pharmaceutical output and a slight monthly decline in electronics production, the UOB economist says. He maintains his GDP growth forecast at 4.4% for 2025 but notes that the estimate is \"somewhat conservative,\" as it assumes a further correction in factory output in December. UOB expects Singapore's GDP to expand by 2.1% in 2026. Advance GDP estimates for 4Q and the full year 2025 are due Jan. 2. 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Factory output rose 14.3% on year in November but slipped on month after two consecutive months of expansion. The pullback likely reflects fading momentum in pharmaceutical output and a slight monthly decline in electronics production, the UOB economist says. He maintains his GDP growth forecast at 4.4% for 2025 but notes that the estimate is \"somewhat conservative,\" as it assumes a further correction in factory output in December. UOB expects Singapore's GDP to expand by 2.1% in 2026. Advance GDP estimates for 4Q and the full year 2025 are due Jan. 2. 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Singapore's economic growth this year could exceed UOB's forecast if factory output rebounds in December, UOB economist Alvin Liew says in a note. Factory output rose 14.3% on year in November but slipped on month after two consecutive months of expansion. The pullback likely reflects fading momentum in pharmaceutical output and a slight monthly decline in electronics production, the UOB economist says. He maintains his GDP growth forecast at 4.4% for 2025 but notes that the estimate is \"somewhat conservative,\" as it assumes a further correction in factory output in December. UOB expects Singapore's GDP to expand by 2.1% in 2026. Advance GDP estimates for 4Q and the full year 2025 are due Jan. 2. 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