Singapore Q1 GDP +3.9% y/y vs Reuters poll +3.6%
- expected 3.6%, prior 3.8%
Singapore Q1 GDP -0.6% q/q at seasonally adjusted rate
- expected -1.0%, prior -0.8%
Singapore MTI maintains 2025 GDP growth forecast at 0.0% to +2.0%
Singapore MTI says despite recent positive developments, global economic outlook remains clouded by uncertainty, with risks tilted to downside
- says Singapore’s external demand outlook for rest of year improved slightly compared to April
- says growth of outward-oriented sectors expected to slow over course of year
- says slowdown in manufacturing sector, weaker global trade, expected to weigh on trade-related services sectors in 2025
- says growth in finance, insurance sector could be weighed down by episodes of weaker trading activity in 2025
This article was written by Eamonn Sheridan at www.forexlive.com.
