Singapore tops the database successful the 2025 Global Talent Competitiveness Index by INSEAD and Portulans Institute.
Calvin Chan Wai Meng | E+ | Getty Images
Singapore's system expanded 5.7% twelvemonth connected twelvemonth for the 4th quarter, driven chiefly by beardown manufacturing maturation successful the 3 months done December.
The beforehand estimation was besides up from the 4.2% maturation successful the erstwhile quarter, lifting full-year GDP maturation to 4.8%, arsenic announced by Prime Minister Lawrence Wong successful his New Year's message.
The 4.8% maturation had surpassed the country's Ministry of Trade and Industry's upgraded forecast of "around 4%" successful November.
"This is simply a amended result than we expected, fixed the circumstances," Wong said, portion informing that sustaining the existent gait of maturation would beryllium challenging.
Singapore had earlier cautioned that 2025 would beryllium challenging, citing commercialized risks aft U.S. President Donald Trump's medication slapped commercialized tariffs connected dozens of countries successful his "Liberation Day" connected April.
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