Archive · 22 May 2025

Singapore's Economy Grows Despite Trade War Uncertainty

Singapore's Economy Grows Despite Trade War Uncertainty

Singapore's economy grew faster than expected in the first three months of the year, but there are worries about a trade war.

Businesses did well because they were trying to get ahead of US tariffs.

Although the US delayed higher tariffs, a trade war could still hurt Singapore because it relies on trade with other countries.

The government thinks the economy might grow slower this year due to uncertainty.

People and businesses might spend less because they are waiting to see what happens.

Sources