Bigger Pic: Singapore ends 2025 strong, what PMI and GDP say about the global economy in 2026

Singapore wrapped up 2025 with stronger-than-expected growth, as fourth-quarter GDP surprised on the upside and manufacturing activity stayed in expansion territory. But while the data point to resilience at home, global PMI readings suggest uneven growth and weaker confidence heading into 2026. Dan Koh speaks with Pan Jingyi, Economics Associate Director at S&P Global Market Intelligence, to unpack what Singapore’s latest PMI and GDP numbers really mean, how sustainable the momentum is, and what the global PMI signals tell us about risks and opportunities in the year ahead.See omnystudio.com/listener for privacy information.