Singapore economy beats Q1 forecasts, warns of trade war risks

added a post in International

2025-05-22 02:43:26 -

Singapore's economy showed unexpected growth in the first quarter. This rise was due to the increased global demand before potential US tariff hikes. However, the government warns of possible economic risks. A trade war between the United States and China could negatively impact growth. The ministry forecasts economic growth between zero to two percent for the year.

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