Singapore Q1 GDP +3.9% y/y vs Reuters poll +3.6%
expected 3.6%, prior 3.8%
Singapore Q1 GDP -0.6% q/q at seasonally adjusted rate
expected -1.0%, prior -0.8%
Singapore MTI maintains 2025 GDP growth forecast at 0.0% to +2.0%
Singapore MTI says despite recent positive developments, global economic outlook remains clouded by uncertainty, with risks tilted to downside
says Singapore’s external demand outlook for rest of year improved slightly compared to Aprilsays growth of outward-oriented sectors expected to slow over course of yearsays slowdown in manufacturing sector, weaker global trade, expected to weigh on trade-related services sectors in 2025 says growth in finance, insurance sector could be weighed down by episodes of weaker trading activity in 2025
This article was written by Eamonn Sheridan at www.forexlive.com.