In a surprising turn of events, Singapore's economy has shown signs of contraction with a GDP drop of 0.6% in the second quarter of 2025. This downturn comes as a jolt following the modest growth of 0.5% recorded in the first quarter of the year.
According to data updated on May 22, 2025, the quarter-over-quarter comparison reveals this negative shift in the economic landscape. While the GDP figures for Q1 2025 indicated a steady albeit slow growth, the current indicator suggests a more concerning economic environment with Singapore now facing a shrinking GDP.
Analysts are closely monitoring this decline, as it points to potential underlying issues in sectors critical to the nation’s economy. The consecutive decline raises questions about the broader implications for Singapore's financial health and its ripple effects on both regional and global scales.
