Singapore Raises 2025 Growth Outlook, Warns of Risks Ahead (2)

Singapore raised its growth forecast for this year after a better-than-expected performance in the first half, mainly on the back of front-loading ahead of US tariffs and easing trade worries.

The government sees the economy expanding 1.5%-2.5% year-on-year, the Ministry of Trade and Industry said in a statement on Tuesday, higher than the 0%-2% outlook since May.

Trade tensions have de-escalated with the US and China in talks as well as several deals being inked, the ministry’s permanent secretary Beh Swan Gin told reporters.

Still, Singapore’s economic outlook for the rest of the year remains clouded by uncertainty, ...