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This photo shows the resort Marina Bay Sands Resort and Garden by Bay Domes, which abandoned the city horizon in Singapore on June 27, 2025.
Roslan Rahman | AFP | Gets the image
In the second quarter of 2025, Singapore’s economy increased by 4.3% a year, accelerating from 4.1% in the first three months and winning expectations. The survey of economists Reuters predicted by 3.5%.
In a quarter quarter of Singapore, Singapore grew by 1.4%, resulting in a 0.5% reduction in the last quarter.
GDP growth was headed by the production sector, which increased by 5.5% a year, which is 4.4% in the first quarter of 2025. The sector consists of 17% of the country’s economy.
Despite BDP Beat, Singapore The Ministry of Commerce and Industry has stated in its release This “remains significant uncertainty and reduction of risks in the world economy in the second half of 2025, given the lack of clarity against the US tariff policy”
Back in April, MTI reduced the country’s GDP up to 0%-2%, which is 1%-3%compared to the previous forecast. Singapore recorded a high -grade GDP growth in 4.4% in 2024.
Unlike other Southeast Asian countries, Singapore did not receive such a “letter” from US President Donald Trump.
However, Singapore still has a 10% basic tariff, despite the US trade deficit and has free trade agreement since 2004.
Singapore Operational Group on Economic Sustainability, created in April in response to tariffs in the US, announced last week that it will deploy grants to help businesses cope with the impact of world trade tensions.
The release of GDP is also ahead of the decision on the Central Bank of the country later in July.
At its May meeting, the monetary power of Singapore for a second unleashed his policy Time, saying that “there is a decrease in the risks for Singapore’s economic outlook that arose from episodes of instability of the financial market and sharp than expected, falling at the final demand abroad.”
MAS also warned that a sharp or persistent weakening in the world trade would have a significant impact on Singapore’s trade sectors and, in turn, a wider economy.
However, the country’s inflation supplies a rate reduction.
The Singapore inflation header fell to 0.8% in May, its lowest level since February 2021, while the main inflation that eliminates housing and private transport was 0.6% in May, compared to 0.7% a month earlier.
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