SINGAPORE: The Government is keeping Singapore’s economic growth forecast for 2025 at zero per cent to 2 per cent, though it said the external demand outlook for the rest of the year has “improved slightly”, given the tariff truces that have de-escalated global trade tensions.
“Notwithstanding these positive developments, the global economic outlook remains clouded by significant uncertainty, with the risks tilted to the downside,” said Dr Beh Swan Gin, permanent secretary at the Ministry of Trade and Industry (MTI), following the release of the latest quarterly economic survey report on May 22.
