Lai Lai Lai…did u dip into your saving this year?
YAHOO POLL: Have you dipped into your savings more often this year?
Singapore’s economy is flashing warning signs – are your savings taking a hit?
Staff Writer
Updated Thu, 22 May 2025 at 5:00 PM SGT1-min read
Singapore’s economy grew 3.9 per cent in Q1, but don’t be fooled by the headline number as more Singaporeans could be leaning on their savings in the coming days. Is your rainy day fund feeling the strain? (Photo: ROSLAN RAHMAN/AFP via Getty Images) (ROSLAN RAHMAN via Getty Images)More
Singapore’s economy may have started the year strong on paper, but rising costs and job worries may be pushing many households to crack open their savings jars more often.
Q1 2025 saw 3.9 per cent growth year-on-year, but behind the headline lies a
quarterly GDP contraction of 0.6 per cent – a sign that the good times might not last. And with
warnings of a technical recession if the slide continues, more Singaporeans may be asking: will our savings hold out?