Singapore raises 2025 growth forecast but warns of global risks

The Singapore trade ministry lifted its gross domestic product (GDP) growth forecast to 1.5-2.5 per cent from an earlier range of 0-2.0 per cent. - ST

SINGAPORE: Singapore on Tuesday (Aug 12) raised its 2025 economic growth forecast, but warned the outlook for the rest of the year remains clouded by global uncertainty, in part due to US tariffs.

South-East Asia's second-largest economy is heavily reliant on international trade and is vulnerable to any global slowdown induced by the tariffs, even only facing a baseline 10 per cent levy from US President Donald Trump.