United Overseas Bank's (SGX:U11) Global Economics & Market Research division raised its 2025 GDP growth forecast for Singapore to 1.7%, according to a research report released on Thursday.
Earlier, the division had estimated 2025 economic growth for the city-state at 1.5%.
The lender said growth momentum in the second quarter of the year could continue, mainly driven by the current pause on reciprocal tariffs following a US-China truce.
However, the 2026 GDP growth forecast has been lowered to 1.4% after a previous forecast of 1.6%.
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