MAS: Singapore economy expected to end the year optimistically

Singapore’s central bank has warned that a correction in the global technology cycle could be among the risks to the economy next year, although it expects growth to be broadly similar to this year. Some analysts also say that geopolitical risks will continue. Despite the challenges, the economy is expected to end on an optimistic note, with GDP coming in at the upper end of forecasts of two to three percent. Professor Sumit Agarwal from NUS Business School weighs in on the central bank’s macroeconomic review and forecasts for 2025. He talks about the AI-led global tech recovery and whether that’s cause for concern. It also explains what companies can do to prepare for this slowdown and other global uncertainties that could affect Singapore’s real economic growth.