First-half GDP boost likely temporary; Republic must stay relevant amid challenges: Chan Chun Sing
Andrew Wong
Sat, 16 August 2025 at 9:15 PM SGT4-min read
Singapore’s GDP growth hit 4.3 per cent year on year in the first half of 2025, which is stronger than expected.
SINGAPORE – Despite the stronger than expected gross domestic product (GDP) growth in the first half of 2025, the boost to the Republic’s economy is likely to be temporary.
And Singaporeans will need to be clear about the challenges that lie ahead, said Defence Minister Chan Chun Sing.
He was speaking at the Tanjong Pagar GRC and Queenstown and Radin Mas SMCs’ 60th National Day dinner on Aug 16 at Tanjong Pagar Community Club.