In January 2025, international economic agencies predicted a slowdown in Southeast Asia, and few expected a strong surge from small yet resilient Singapore. By summer, however, it was clear—the city-state known as the Asian Tiger was back in force. The year began with uncertainty. The US was preparing another round of tariffs, threatening exports from countries including Singapore. In Q1 2025, Singapore's economy shrank by 0.5%. Economists spoke of a technical recession. Nevertheless, the government acted. Trade Minister Gan Kim Yong launched negotiations with the US and EU. The Monetary Authority of Singapore (MAS) eased monetary policy, weakening the national currency to support exporters. Exporters seized the moment, accelerating shipments in what economists called 'front-loading'. Q2 brought a surprising turn. Singapore's economy grew 4.3% year-on-year and 1.4% quarter-on-quarter. Manufacturing rose 5.5%, construction nearly 5%, and services 3.8%. Tourism and hospitality rebounded. The 2025 growth forecast was revised to 0–2%. MAS continues to monitor inflation and is ready to ease policy further. Singapore demonstrated strategic thinking and adaptability, proving once again the strength and resilience of its economy.
Return of the Lion: The Story of Singapore's Economic Rise

Published : 14.07.2025