Singapore Braces for Slower Economy in 2026 as US Tariffs Weigh Down Global Demand

MT Newswires

Nov 21, 2025

Singapore is expecting a cooling of its economic activity during 2026 as global demand is likely to be impacted due to US tariffs, according to the Ministry of Trade and Industry's Economic Survey of Singapore Third Quarter 2025 report published Friday.

As per the report, gross domestic product or GDP growth will moderate around the range of 1% to 3%.

In the third quarter of 2025, the city-state's GDP grew by 4.2% year on year, thanks to the manufacturing, wholesale trade and finance & insurance sectors.

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