Singapore cuts 2025 growth forecast to range between 0% and 2%; MAS eases monetary policy
Singapore has cut its forecast for growth this year to a range between zero and two per cent, as it braces for more tariffs from the US and softening global trade. The revision is down from February's projection for growth of one to three per cent. Meanwhile, the central bank is easing its monetary policy for the second time this year. The move comes amid mounting concerns over the trade war brewing between the US and China. Song Seng Wun, Economic Advisor at CGS International Singapore, explains the ramifications and gives his take on the possibility of recession and impact on the Sing dollar.
Singapore has cut its forecast for growth this year to a range between zero and two per cent, as it braces for more tariffs from the US and softening global trade. The revision is down from February's projection for growth of one to three per cent. Meanwhile, the central bank is easing its monetary policy for the second time this year. The move comes amid mounting concerns over the trade war brewing between the US and China. Song Seng Wun, Economic Advisor at CGS International Singapore, explains the ramifications and gives his take on the possibility of recession and impact on the Sing dollar.
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