Singapore Flags Recession Risks After Strong Start to 2025

Singapore flags recession risks after strong start to 2025

Singapore flagged the risk of a technical recession due to global tariff tensions even after its economy kick-started 2025 on a faster-than-expected note. Gross domestic product grew 3.9% in the three months through March from a year earlier, the Ministry of Trade and Industry said in its final estimate on Thursday. The figure compares with a median forecast of a 3.6% growth in a Bloomberg survey of economists, and the government’s advanced esti…

Singapore keeps 2025 growth forecast at 0% to 2%, though outlook ‘improved slightly’ from trade truces

MTI is not ruling out the possibility of a technical recession, given the uncertainty in the global economic outlook. Read more at straitstimes.com.

Economists split over risk of technical recession, after revised Singapore Q1 growth beats market expectations

Private-sector economists remain split over the risk of Singapore entering a technical recession, with some raising their full-year forecasts after Q1 growth came in better than expected.

Singapore keeps 2025 growth forecast at 0-2%, sees slight boost from US-China truce

The Ministry of Trade and Industry (MTI) has maintained Singapore's economic growth forecast for the year at a range of zero to two per cent, amid encouraging signs of de-escalation in global trade tensions. Singapore's economy grew by 3.9 per cent year-on-year for the first quarter of 2025, which comes in slightly higher than the 3.8 per cent from advance data in April, according to a statement released by MTI on Thursday (May 22).  However, it…