IMF cuts its Singapore 2025 growth forecast as Trump tariffs, US-China trade war bite

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The Straits Times 14h ago

IMF cuts its Singapore 2025 growth forecast as Trump tariffs, US-China trade war bite - The Straits Times

Quick Summary:

It now sees Singapore economy growing 2 per cent, down from previous forecast of 2.5 per cent.

Mr Srinivasan warned: “Risks are tilted to the downside in the face of the region’s greater vulnerability to the uncertain trade environment and weaker-than-expected global demand as well as asset price volatility increasing the potential for disrupting capital flows and investment.

Slower growth in China will have a negative spillover for Asean economies that have deep trade and investment linkages with the world’s second-largest economy, IMF noted.