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- On April 14, the Monetary Authority of Singapore eased its monetary policy settings.
- Global trade prospects dimmed and US tariffs raised economic fears, prompting the policy adjustment.
- MAS will reduce the rate of appreciation for the S$NEER policy band; the band's width and center remain unchanged.
- MAS expects core inflation to average 0.5-1.5 per cent in 2025, a downward revision from the prior 1-2 per cent forecast.
- Singapore's trade-dependent economy faces downside risks from slowing global trade and potential recession, impacting external sectors.
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Singapore downgrades growth forecast amid US-China trade war
SINGAPORE – Singapore on Monday downgraded its economic growth forecast for this year, the government said, as the trade-dependent nation braces for the effects of sweeping US tariffs and the US-China trade war. Although President Donald Trump imposed the baseline 10 percent tariffs on Singapore, the city-state is vulnerable to a global economic slowdown caused
·Manila, Philippines
Read Full ArticleSingapore downgrades 2025 GDP growth forecast to 0 to 2%, citing impact of Trump tariffs on global trade
The tariffs imposed by Trump and the ongoing trade war between the US and China are expected to "weigh significantly on global trade and global economic growth", says the Ministry of Trade and Industry.
·Singapore
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Leaning Left2Leaning Right2Center5Last UpdatedBias Distribution56% Center
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56% Center
L 22%
C 56%
R 22%
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