Singapore downgrades 2025 GDP forecast amid tariffs

Singapore's Ministry of Trade and Industry has cut the country's growth forecast for 2025 to zero percent to 2 percent in the face of US tariffs, with some economists warning of a possible technical recession this year.

The ministry's new forecast announced on April 14 is a downgrade from the 1 percent to 3 percent range previously.

Singapore's economy grew 4.4 percent last year.