Singapore Prime Minister Huang Xuncai said that the country's economy achieved 4.8% growth exceeding expectations in 2025, but warned that maintaining this growth rate would face challenges. “Considering the current situation, this result is better than our previous expectations,” Huang Xuncai said in his New Year address on Wednesday. The data surpassed the government's previous forecast of about 4%, which was raised in November from 1.5%-2.5% previously. Huang Xuncai pointed out that Singapore has benefited from a surge in demand for semiconductors and electronic products in fields related to artificial intelligence, and since many US tariff rates are lower than earlier expectations, global economic growth has shown greater resilience.

Singapore Prime Minister Huang Xuncai said that the country's economy achieved 4.8% growth exceeding expectations in 2025, but warned that maintaining this growth rate would face challenges. “Considering the current situation, this result is better than our previous expectations,” Huang Xuncai said in his New Year address on Wednesday. The data surpassed the government's previous forecast of about 4%, which was raised in November from 1.5%-2.5% previously. Huang Xuncai pointed out that Singapore has benefited from a surge in demand for semiconductors and electronic products in fields related to artificial intelligence, and since many US tariff rates are lower than earlier expectations, global economic growth has shown greater resilience.