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Singapore noted the risk of technical decline due to global tariff tension, which began a note faster than the economy in 2025.
The gross domestic product increased by 3.9% over three months, a year ago in March, the Ministry of Commerce and Industry reported on Thursday. This figure compares a median forecast to increase 3.6% in the Bloomberg inquiry of economists, to increase 3.8% of the government’s advanced assessment.
Seasonally correct quarterly, GDP fell by 0.6% against 1% contraction forecast. After the report, the Singapore Dollar and the Benchmark Strait Index was slightly changed.
The recently reduced forecast for the increase in 2025 GDP, US tariffs clouded the worldview of US tariffs for world trade. Prime Minister Lawrence Wong warned that a recession could be excluded before.
“The technical recession, which is a quarter of a quarter quarter of a quarter quarterly, this is an opportunity,” this is an opportunity, the Permanent Secretary of the Ministry of Trade, told reporters. “This does not necessarily equal an economic decline, as it appears in the annual GDP numbers.
The last time the Singapore’s technical recession was in the height of Covid-19 in 2020. Earlier, the city’s state has a quarter quarterly narrow barrier in June 2008.
In the first quarter, a better result was managed in the first quarter with production and export activities, as it was missed to prevent higher fares of higher tariffs.
This momentum now offers a room for fiscal buffers and active polypsons in Sakso in Sakso marks in Sakso marks. “
The information shows that the US-China commercial war and China’s slow recovery deepened into the region earlier in the year. Since then, the two largest economies around the world have called a reconciliation that agrees to the 90-day negotiation window, which has reduced tariffs for each other’s property.
“The global economic worldview remains cloudy with significant uncertainty, risks bend to the negative,” Bee.
The uncertainty could lead to more than expected economic activity, which can cause a complete blown global trade war. He also warned that the global disinfration process and the demise risks can stabilize capital flows.
It is expected to slow down this year, such as the fund, production, wholesale trade, transport and warehouse. In the absence of financial and insurance sectors, the lack of outlook for consumer sectors, it can be drawn with weak trade activities.
About three times, Singapore’s global trading with GDP trade is undergoing any continuous slowdown. The Ministry of Commerce said it will regulate the growth forecast if necessary.
Singapore’s money prestige will “a comprehensive assessment” that lasts until the meeting of the July policy, Edward Robinson Edward Robinson Mas Leader Edward Robinson said.
“The policy position remains so far,” he said.
Last month, Mas mellened the settings of monetary policy for the second time this year.
Bloomberg Economy is waiting for an increase of 0.9% this year, although the 90-day US-China trade reconciliation sees a slight risk. Another supportive factor for Singapore was the result of this month’s election.
“As construction and investors in the general elections of Singapore’s power, US President Donald Trump manages the work of global trade and security relations,” said Tamara Mast Henderson, Bloomberg Economy.
This story was first displayed Fortune.com
