Singapore's economic growth is showing early signs of fatigue as the Ministry of Trade and Industry (MTI) slashed its full-year 2025 GDP forecast to a range of 0% to 2%, citing “rising headwinds for global trade,” according to analysts. Advance estimates  showed  1Q GDP growth slowing to 3.8% YoY, down from 5.0% in the previous quarter. On a quarterly basis, the economy contracted by 0.8%, with manufacturing and services sectors leading the downturn. The Ministry's downgrade is the latest sign that external risks are beginning to weigh more heavily on Singapore's export-dependent economy. CGS International analysts called the GDP result “below expectations,” warning that “we expect weaker economic growth for the rest of 2025 as sweeping tariffs reduce external demand.”   https://sbr.com.sg/economy/news/analysts-cite-early-signs-fatigue-in-singapores-growth-amid-trade-concerns   (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 16 April 2025