Singapore Q1 GDP -0.6% q/q (expected -1.0%, prior -0.8%)

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 April
• says growth of outward-oriented sectors expected to slow over course of year
• says 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.