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Performance of the Singapore Economy in 4Q 2025

03/03/2026 01:06 pm MYT

In 4Q 2025, Singapore's economy expanded by 6.9% year-on-year, up from a 4.6% growth in the previous quarter (table 1). The sectors that contributed the most to the growth were the manufacturing, wholesale trade and finance & insurance sectors. 

On a quarter-on-quarter seasonally adjusted annualised basis, Singapore's economy grew by 2.1%, moderating from a 2.6% growth in the preceding quarter.


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Note from Publisher

This week, the National Unity Department released the 2025 National Unity Index (IPNas). The Index is a composite social cohesion measure that produces a score between 0 and 1 to reflect the overall level of national unity in Malaysia, with higher values indicating stronger unity. It is an empirically based index developed under the Twelfth Malaysia Plan (12P) that integrates multiple constructs of social cohesion, including ethnicity, cross-ethnic social relations, national ethos, as well as governance and development dimensions.

 

The IPNas 2025 climbed to 0.701, surpassing the target set under the 12P. However, the survey also underscores persistent structural sensitivities: ethnicity, media narratives, politics and religion remain key perceived fault lines, while notable disparities between states indicate that unity is uneven rather than uniformly consolidated. The findings imply that national cohesion in Malaysia is improving but remains conditional—dependent on inclusive development, credible governance and responsible public discourse. In short, unity appears to be strengthening institutionally, yet socially fragile in perception, requiring sustained and regionally nuanced policy attention. News reporting, digital contents, and viral messages that manipulate racial sentiments need to be curtailed to prevent negative perceptions between communities.

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