Singapore downgrades GDP growth forecast to 0-2 pc

India Times // World // Asia

Singapore downgrades GDP growth forecast to 0-2 pc

Monday 14th April 2025, 6:05AM

Singapore has lowered its 2025 GDP growth forecast to 0-2% due to the anticipated impact of US tariffs on global trade. The Monetary Authority of Singapore has eased monetary policy in response to economic concerns stemming from the US-China trade war. The trade war is expected to negatively affect global trade, economic growth, and business sentiment.

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