Singapore expects 1-3% GDP growth in 2025 amid Trump worries

SINGAPORE -- Singapore's economy is expected to grow 1% to 3% in 2025, officials said Friday, slower than this year as uncertainties loom, with Donald Trump returning to the White House in January and planning to impose steep import tariffs.

"Turning to 2025, overall GDP growth in Singapore's key trading partners is expected to ease slightly from 2024's level," the Trade and Industry Ministry said in a media release. "In Asia, China's GDP growth is projected to moderate in line with weaker exports growth due to already-announced tariff hikes."