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Singapore Slashes 2025 Growth Forecast Amid Global Tensions

6/18/2025

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Summary

Story summary

Singapore's 2025 growth forecast is revised down to 1.7% from 2.6% due to US tariffs and geopolitical tensions.
Inflation projections for 2025 are lowered, with median forecasts at 0.9% for all-items and 0.8% for core inflation.
More than half of economists expect further monetary policy easing in July, anticipating a flat nominal effective exchange rate for the Singapore dollar.

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Story summary

Singapore's 2025 growth forecast is revised down to 1.7% from 2.6% due to US tariffs and geopolitical tensions.
Inflation projections for 2025 are lowered, with median forecasts at 0.9% for all-items and 0.8% for core inflation.
More than half of economists expect further monetary policy easing in July, anticipating a flat nominal effective exchange rate for the Singapore dollar.