Singapore's pharmaceutical and electronics manufacturing industry provided the impetus for economic growth in the fourth quarter. The annual economic growth rate hit the fastest level since post-pandemic recovery, withstanding the impact of US Trump administration tariffs. According to preliminary data released by Singapore's Ministry of Trade and Industry, GDP grew 5.7% year on year in the fourth quarter, lower than the median estimate of 6.3% in media surveys, but higher than the 4.3% growth rate in the third quarter. By industry, the manufacturing industry grew 15% year over year, thanks to the strong performance of the pharmaceutical industry and rising demand for artificial intelligence-related semiconductors, servers and ancillary products. Facts have proved that the impact of Trump's tariff measures on Singapore, which is highly dependent on trade, was weaker than expected. Export performance was resilient, and the recovery of the construction industry also boosted economic activity in Singapore. Singapore Prime Minister Wong Yun-choi said in his New Year address on Wednesday: “We must be pragmatic: maintaining this growth rate will be challenging. We will face more barriers to growth, and inflationary pressure is likely to increase.”

Singapore's pharmaceutical and electronics manufacturing industry provided the impetus for economic growth in the fourth quarter. The annual economic growth rate hit the fastest level since post-pandemic recovery, withstanding the impact of US Trump administration tariffs. According to preliminary data released by Singapore's Ministry of Trade and Industry, GDP grew 5.7% year on year in the fourth quarter, lower than the median estimate of 6.3% in media surveys, but higher than the 4.3% growth rate in the third quarter. By industry, the manufacturing industry grew 15% year over year, thanks to the strong performance of the pharmaceutical industry and rising demand for artificial intelligence-related semiconductors, servers and ancillary products. Facts have proved that the impact of Trump's tariff measures on Singapore, which is highly dependent on trade, was weaker than expected. Export performance was resilient, and the recovery of the construction industry also boosted economic activity in Singapore. Singapore Prime Minister Wong Yun-choi said in his New Year address on Wednesday: “We must be pragmatic: maintaining this growth rate will be challenging. We will face more barriers to growth, and inflationary pressure is likely to increase.”