15
Apr
Singapore downgrades 2025 GDP growth forecast to 0 to 2%, citing impact of Trump tariffs on global trade
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SINGAPORE: Singapore has downgraded its gross domestic product (GDP) growth forecast for 2025 to 0 per cent to 2 per cent, the Ministry of Trade and Industry (MTI) said on Monday (Apr 14), citing the impact of US President Donald Trump’s tariffs on global trade. The Monetary Authority of Singapore (MAS) also loosened monetary policy for the second time in a row as economic fears rise due to the trade war brewing between the US and China and lowered core inflation expectations for the year. Economists polled by Reuters had expected... Read More




