A view of the Monetary Authority of Singapore's headquarters. REUTERS/Darren Whiteside/File Photo
SINGAPORE: Economists have lowered their forecasts for Singapore's growth and inflation this year and are expecting a further easing of monetary policy next month, a survey of forecasters by the Monetary Authority of Singapore showed on Wednesday.
Geopolitical tensions were seen as the biggest downside risks for the economy, while milder-than-expected or an easing of trade tensions was the most cited upside risk, the responses from 20 economists for the June quarter survey found. The median forecast for growth was cut to 1.7% from 2.6% in the March quarter survey. In April, the government lowered its forecast for 2025 growth to 0% to 2%, citing the impact of U.S. tariffs.
