The Monetary Authority of Singapore (MAS) cautioned that while Q2 saw a surprising 4.3% GDP rise, growth will likely slow in the latter half of 2025 amid trade tensions and global uncertainty. Still, Singapore's financial system remains robust with MAS posting a S$19.7 billion profit.


MAS pointed to headwinds such as tariffs and muted global demand as key threats to Singapore’s growth in the coming months. Despite warnings, Q2 growth surprised positively at 4.3%, partly due to export demand rebound. MAS also reaffirmed its strong regulatory stance—imposing S$21.5 million in fines for AML breaches—while continuing to anchor financial stability with healthy reserves and oversight.

MAS growth outlook Singapore, Singapore economic slowdown 2025, MAS monetary policy

Sophia Tan

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