Singapore narrowed its growth projection for the current year citing subdued foreign demand but the pace of expansion is forecast to improve next year with the recovery in global economies.
Given its performance in the first three quarters as well as the external and domestic conditions, the Ministry of Trade and Industry said the economy is set to grow around 1.0 percent this year, compared to its previous outlook of 0.5 to 1.5 percent.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.