Uncertainty in the global business environment may slow down Singapore's retail sales in the second half of 2025, after a strong start this year, further affecting the city-state's economy. “Growth in both the US and China is expected to slow, which could dampen export receipts. Given these dynamics, households may reduce their discretionary spending,” said RHB Associate Research Analyst Laalitha Raveenthar. As economic growth slows across Asia and in Singapore, retail demand will likely weaken. This slowdown in gross domestic product momentum could discourage spending by both local residents and tourists. RHB expects Singapore’s full-year GDP to slow to 2.8% this year, with a downside bias tilted towards 2.5% amidst heightened uncertainties on the external front.   https://sbr.com.sg/economy/in-focus/retail-outlook-clouded-uncertainties-in-2025 (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 8 April 2025