Singapore cuts 2025 GDP forecast on US tariff impact


A fully loaded container vessel leaving the Pasir Panjang terminal port. — AFP

SINGAPORE: Singapore has lowered its 2025 economic growth forecast to a range of 0.0 to 2.0 per cent, citing the impact of new United States (US) tariffs on global trade and the economy, as well as the country’s first-quarter performance.

The Ministry of Trade and Industry (MTI) had previously projected growth of between 1.0 and 3.0 per cent.

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