United Overseas Bank Lifts 2025 Singapore Economy Growth Forecast to 1.7%

MT Newswires

05/23

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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Market Research division raised its 2025 GDP growth forecast for Singapore to 1.7%, according to a research report released on Thursday.</p><p>Earlier, the division had estimated 2025 economic growth for the city-state at 1.5%.</p><p>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.</p><p>However, the 2026 GDP growth forecast has been lowered to 1.4% after a previous forecast of 1.6%.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0251143029.SGD","symbol_name":"Fidelity ASEAN A-SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2537977693","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537977693","pubTimestamp":1747967157,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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