Overview

• Economy expanded 4.3% year-on-year and 1.4% quarter-on-quarter in Q2 after a 0.5% contraction in Q1
• MTI flagged significant downside risks from unclear U.S. tariff policies despite the stronger growth
• The ministry maintained its full-year 2025 forecast at 0–2% after cutting it in April from 1–3%
• Advance GDP estimates are provisional, based on data from the first two months of the quarter and may be revised
• Singapore’s economic task force will roll out grants by October to help firms navigate tariff-related challenges