SINGAPORE - Singapore sharply raised its 2025 economic growth forecast on a better-than-expected performance in the third quarter of the year, driven mainly by the manufacturing, wholesale trade and finance and insurance sectors.

The gross domestic product (GDP) growth forecast was raised to “around 4 per cent”, from the 1.5 per cent to 2.5 per cent range projected in August, said the Ministry of Trade and Industry (MTI) on Nov 21.