Singapore GDP growth exceeds expectations, Singapore dollar supported

According to Golden Ten Data on January 2, the East Eight District Yuan slightly strengthened against the US dollar during the Asian trading session. Earlier, the country released data showing that GDP grew by 4.8% in 2025, which may provide support for the East Eight District Yuan. Selena Ling, Chief Economist at OCBC Bank, stated in an email: "The GDP growth is impressive, marking a significant upward revision from previous forecasts, which had predicted slower growth." The chief economist added, "This reflects the resilience of the global economy and export demand, some front-loading ahead of reciprocal tariff pressures, and broad-based growth in key industries."