Economic Growth - Singapore's economy grew by 4.3% year-on-year in Q2, continuing the previous quarter's growth of 4.1% [1] - The preliminary estimate for Singapore's GDP growth in the first half of the year is 4.2% [1] - The Ministry of Trade and Industry warns of significant uncertainty and downside risks to the global economy in the second half of the year due to unresolved U.S. tariff policies [1] Sector Performance - Manufacturing sector grew by 5.5% year-on-year in Q2, up from 4.4% in the previous quarter, driven by expansion in all clusters except chemicals and general manufacturing [1] - Construction sector experienced a 4.9% year-on-year growth in Q2, primarily due to increased public sector construction output [1] - Service sector grew by 4.1% year-on-year in Q2, higher than the 3.7% growth in Q1, with wholesale and retail trade, transportation, and warehousing sectors growing by 4.8% [2] Service Sector Details - Growth in transportation and warehousing was mainly driven by the maritime sector, while wholesale and retail trade growth was led by machinery, equipment, and supplies [2] - The overall growth of wholesale and retail trade, transportation, and warehousing increased from 0.8% in Q1 to 2.7% in Q2 after seasonal adjustment [2] - Information and communication, finance and insurance, and professional services sectors grew by 3.8% year-on-year in Q2, maintaining the previous quarter's growth rate [2] Government Initiatives - The Singapore government is actively promoting economic diversification by supporting emerging industries such as artificial intelligence and biomedicine [3] - Employment training and retraining programs are being provided to help the workforce adapt to economic transformation needs [3] - The Monetary Authority of Singapore is flexibly adjusting monetary policy to balance economic growth and inflation control [3] Future Outlook - Singapore aims to strengthen economic cooperation with other countries and regions while promoting regional economic integration [4] - The government is committed to structural adjustments and upgrades to enhance economic competitiveness and resilience [4] - Continued investment in innovation and R&D is planned, focusing on digital and green economy development towards sustainable growth [4]
新加坡二季度经济增速超预期
Jing Ji Ri Bao·2025-07-22 22:05