EconomySingapore keeps 2025 GDP growth target despite Trump tariff pain
City-state maintains upper end of projections at 2%, logging 3.9% growth in Q1
People walk through Singapore's business district in April: The city-state maintained its GDP projections for the year, but noted Trump's uncertain tariff policies clouded overall regional outlook. (Photo by Suzu Takahashi)
DYLAN LOH
May 22, 2025 09:26 JST
Updated on May 22, 2025 11:43 JST
SINGAPORE -- Singapore on Thursday maintained this year's gross domestic product growth projection despite uncertainties over U.S. President Donald Trump's global tariff campaign, but warned that a slowdown in global trade is "likely to weigh" on exports growth in neighboring Southeast Asian economies.