RHB Bank has launched a Singapore Economic Heatmap to address growing uncertainties in the country’s economic landscape. This tool aims to provide clearer insights into Singapore’s economic conditions by monitoring growth momentum and trends in the Straits Times Index (STI). The heatmap assesses the economy through five key pillars: economic activity, labour conditions, consumption, banking, and financial markets.
The report indicates that whilst Singapore experienced resilient growth in the first half of 2025, there are signs of slowing momentum and emerging weaknesses across several key industries in the second half. This development is crucial for market watchers and policymakers who rely on such data to make informed decisions.
The analysis of Barnabas Gan, group chief economist and head of market research at RHB Bank, suggests that the Economic Heatmap, alongside the RHB SG Stress Index, will be instrumental in navigating the economic challenges anticipated in the country. The comprehensive assessment provided by these tools is expected to aid in identifying potential risks and opportunities within Singapore’s economy.
As the year progresses, stakeholders will be closely monitoring these indicators to adapt strategies accordingly. The insights from RHB’s report underscore the importance of vigilance in the face of potential economic downturns, ensuring that Singapore remains prepared for any adverse developments.
